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Thread: Facebook Buys Instagram for $1 Billion

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It's been said that having Instagram on the iPhone is so common these days that the app should probably just be installed by Apple on all iPhones and make it
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  1. #1
    MMi Staff Writer Michael Essany's Avatar
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    Default Facebook Buys Instagram for $1 Billion


    It's been said that having Instagram on the iPhone is so common these days that the app should probably just be installed by Apple on all iPhones and make it native to the device. That's how popular the photo sharing platform has become.

    To that end, Facebook isn't letting a golden opportunity go to waste. On Monday, the social networking behemoth confirmed that its buying Instagram for $1 billion in cash and stock. Th deal is expected to close sometime before the end of the second quarter.

    To date, it's Facebook's biggest acquisition and one that comes just weeks before Facebook goes public next month on NASDAQ in one of the biggest IPOs in recent Wall Street history.

    "We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience," Facebook CEO Mark Zuckerberg said this afternoon. "We plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook."

    Just last week, much to the dismay of many iPhone loyalists, the Android version of Instagram was released. It saw more than 1 million downloads in the first 12 hours of availability.

    Source: CNN

  2. #2
    2k1
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    I still don't have the app yet lol. Been thinking of gittin it

  3. #3
    iPhone? More like MyPhone fabbuloso's Avatar
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    i wish apple bought it.I just dont like facebook that much.I think IG is gonna suck at facebook.

  4. #4
    Livin the iPhone Life
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    I like this but I agree I don't like Facebook to much either.. They kind of try to ind ways to limit my control over publicity of things!!

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    Paragon Pocyahtstu's Avatar
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    Default Unreal
    I only paid I think was 99c , mark paid too
    Much..... Jk jk, it's crazy what an app developer can make these days

  6. #6
    What's Jailbreak? alcapwn27's Avatar
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    former instragram owners won!

  7. #7
    What's Jailbreak? mutley's Avatar
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    hopefully they will rip out the stupid UDID way its locked to a specific device (although i understand apple are removing this "feature" anyway).

  8. #8
    iPhone? More like MyPhone
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    I wish IG would die.

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    Green Apple seandiego's Avatar
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    GREEEAATT! As if all those obnoxious instacrap photos weren't annoying enough, now they are about to quadruple.

  10. #10
    iPhone? More like MyPhone redwolf's Avatar
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    $1 BILLION DOLLAR!

  11. #11
    *T*
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    Why are apple users mad that it was released on android? Fk off

  12. #12
    Livin the iPhone Life steve-z17's Avatar
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    Well, there goes that program....

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    Great another way the government can spy on all of us. You do know that's the only reason Facebook was made is to spy in everyone right? We're all doomed in the end.

  14. #14
    My iPhone is a Part of Me
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    Quote Originally Posted by 2k1 View Post
    I still don't have the app yet lol. Been thinking of gittin it
    I don't have it either. And I'm not thinking of getting it.

  15. #15
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    Quote Originally Posted by redwolf View Post

    $1 billion dollar!
    lol

  16. #16
    iPhoneaholic
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    I don't have this app and really don't even know what it does.... don't care to.

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    Green Apple ankit_jedi's Avatar
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    $1 Billion??!! they could have downloaded it for FREE!!!

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    Quote Originally Posted by ankit_jedi View Post
    $1 Billion??!! they could have downloaded it for FREE!!!
    FB wants to take advantage of the app to make much more money.

  19. #19
    Green Apple
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    Quote Originally Posted by fabbuloso View Post
    i wish apple bought it.I just dont like facebook that much.I think IG is gonna suck at facebook.
    I think for users it is better if FB bought than Apple. Apple would have started charging for installing while it is free on FB.

  20. #20
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    Default Not worth even a few million.
    Quote Originally Posted by 2k1 View Post
    I still don't have the app yet lol. Been thinking of gittin it
    The app itself is not too different from a large number of similar apps. Spending a billion dollars on a company that was just looking for a few million bucks is very irresponsible. The Instagram acquisition in perspective.. The downfall of FB has started.

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