How Much Did Facebook Buy Instagram for

Facebook simply acquired Instagram for $1 billion in cash money as well as stock.

How Much Did Facebook Buy Instagram For

Instagram is a mobile-only photo-sharing application. It expanded from 1 million users in January 2011 to 15 million in December 2011. It has 30 million users now.

What's terrific regarding it is that it is really fast - specifically contrasted to Facebook.

With the Facebook apple iphone application, there are 6 screens a customer needs to go through before an individual can in fact take a photo. With Instagram, there is one.

In February, we explained Instagram as the largest danger to Facebook.

Mark Zuckerberg just announced the news on Facebook:

I'm excited to share the news that we have actually consented to acquire Instagram and that their talented group will certainly be joining Facebook.

For many years, we have actually focused on developing the most effective experience for sharing pictures with your family and friends. Currently, we'll be able to function much more carefully with the Instagram team to additionally provide the most effective experiences for sharing beautiful mobile photos with people based upon your passions.

Our company believe these are different experiences that enhance each other. Yet in order to do this well, we require to be mindful concerning maintaining and improving Instagram's toughness and also functions as opposed to just trying to integrate everything into Facebook.

That's why we're devoted to building and expanding Instagram separately. Numerous individuals all over the world enjoy the Instagram app as well as the brand connected with it, and also our objective is to aid spread this app and also brand to even more individuals.

We think the reality that Instagram is attached to other services past Facebook is a vital part of the experience. We plan on keeping features like the ability to upload to various other socials media, the capability to not share your Instagrams on Facebook if you desire, and also the capacity to have fans as well as adhere to people independently from your close friends on Facebook.

These and lots of various other features are essential parts of the Instagram experience as well as we recognize that. We will certainly attempt to gain from Instagram's experience to construct similar features into our various other items. At the same time, we will certainly try to aid Instagram continue to grow by using Facebook's strong engineering group and also infrastructure.

This is a vital milestone for Facebook because it's the very first time we have actually ever gotten a product and also firm with a lot of users. We don't plan on doing much more of these, if any kind of in all. Yet giving the very best picture sharing experience is one reason why so many individuals love Facebook and we knew it would certainly be worth bringing these two business together.

We're anticipating dealing with the Instagram group and also to every one of the terrific new experiences we're going to be able to construct with each other.

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