1 Billion for Instagram?


Could it get any better for the 13 members of Instagram than to be purchased by the giant social network Facebook? Instagram was purchased for 1 billion in cash and stock. Not bad for a two-year-old company with only 13 employees based out of the same offices that Twitter brewed from in San Francisco’s South Park.

Mark Zuckerberg had been looking for the best photo sharing experience and mentions on his Facebook page, “For years, we’ve focused on building the best experience for sharing photos with your friends and family. Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests,”.

It’s interesting to know that at the time of the startup company Kevin Systrom a former Google product manager saw no photo sharing app and quickly shot for the opportunity to target smartphone cameras. With the app almost seemingly created for the iPhone there for a while it blistered about 1.75 millions downloads with currently a whopping estimated 15 million users using the apps filters to create and share photos across mobile platforms and now 3rd party websites.

Enter Android phones last month and another millions users came on board in a day.

It would be safe to say that Zuckerberg may have seen a great photo sharing company and brought them into the fold with it’s IPO release looming in the weeks ahead. He may have seen the competitive edge and felt it would be better to just bring them closer. Whatever the reason may be Instagram will not be changing anytime soon according to Zuckerberg, and will continue to work on development separately with the AC cooling their servers comfortably.

 

 

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Latest Comments

  1. WordCast says:

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    • supersaenz says:

      Thank you for your comment. You’re very much appreciated and yes I’d be flattered to have my post featured on your blog and can’t wait to see it posted. Thank you.

  2. WordCast says:

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