Does Facebook Own Instagram

Facebook just purchased Instagram for $1 billion in cash as well as stock.

Does Facebook Own Instagram

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

What's excellent concerning it is that it is extremely rapid - especially contrasted to Facebook.

With the Facebook iPhone application, there are 6 screens an individual needs to go with before a user can actually take a picture. With Instagram, there is one.

In February, we described Instagram as the greatest hazard to Facebook.

Mark Zuckerberg just announced the news on Facebook:

I'm delighted to share the news that we've agreed to obtain Instagram and that their talented group will certainly be signing up with Facebook.

For several years, we've focused on developing the best experience for sharing pictures with your friends and family. Currently, we'll be able to function even more closely with the Instagram group to additionally supply the very best experiences for sharing gorgeous mobile photos with people based upon your interests.

Our team believe these are different experiences that match each other. However in order to do this well, we require to be mindful regarding keeping as well as improving Instagram's staminas as well as attributes rather than just trying to incorporate everything into Facebook.

That's why we're dedicated to structure and also expanding Instagram separately. Millions of people around the globe enjoy the Instagram app as well as the brand name associated with it, as well as our objective is to aid spread this application and brand name to much more individuals.

We believe the truth that Instagram is connected to other services beyond Facebook is a fundamental part of the experience. We plan on maintaining functions like the ability to upload to various other social networks, the capacity to not share your Instagrams on Facebook if you want, and also the ability to have followers and comply with individuals individually from your friends on Facebook.

These and also many other attributes are very important parts of the Instagram experience and we comprehend that. We will try to pick up from Instagram's experience to develop comparable functions right into our various other items. At the same time, we will certainly try to assist Instagram remain to grow by using Facebook's solid engineering team as well as infrastructure.

This is an essential landmark for Facebook because it's the first time we've ever before gotten a product as well as firm with so many customers. We do not intend on doing many more of these, if any kind of in all. But supplying the most effective photo sharing experience is one reason why so many individuals like Facebook and also we knew it would certainly deserve bringing these two business with each other.

We're expecting dealing with the Instagram group as well as to every one of the excellent brand-new experiences we're mosting likely to have the ability to develop together.

Tweet