How Much Did Facebook Pay for Instagram

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

How Much Did Facebook Pay For Instagram

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

What's fantastic about it is that it is very fast - specifically compared to Facebook.

With the Facebook apple iphone application, there are 6 displays a user has to go via prior to a customer can really take a picture. With Instagram, there is one.

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

Mark Zuckerberg just announced the news on Facebook:

I'm delighted to share the information that we have actually accepted acquire Instagram and that their skilled group will be joining Facebook.

For many years, we have actually focused on developing the most effective experience for sharing photos with your friends and family. Currently, we'll be able to work much more closely with the Instagram team to also provide the most effective experiences for sharing attractive mobile photos with people based on your rate of interests.

Our company believe these are different experiences that enhance each other. Yet in order to do this well, we need to be conscious about maintaining as well as improving Instagram's strengths and also features as opposed to simply trying to incorporate every little thing into Facebook.

That's why we're committed to structure and also expanding Instagram individually. Millions of people worldwide like the Instagram app and also the brand name connected with it, as well as our goal is to aid spread this application as well as brand to much more individuals.

We assume the fact that Instagram is linked to other services beyond Facebook is a fundamental part of the experience. We intend on maintaining features like the ability to post to various other social media networks, the ability to not share your Instagrams on Facebook if you want, as well as the ability to have followers and adhere to people individually from your buddies on Facebook.

These and also numerous various other features are essential parts of the Instagram experience and also we understand that. We will certainly try to pick up from Instagram's experience to build similar attributes right into our other items. At the same time, we will try to help Instagram continue to grow by using Facebook's solid engineering group and framework.

This is a vital landmark for Facebook since it's the first time we've ever obtained a product as well as firm with numerous users. We don't intend on doing much more of these, if any type of in any way. Yet providing the most effective image sharing experience is one reason that numerous individuals enjoy Facebook and also we understood it would deserve bringing these 2 companies together.

We're anticipating collaborating with the Instagram group as well as to every one of the terrific brand-new experiences we're mosting likely to be able to develop together.

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