Facebook Buys Instagram For $1 Billion

Discussion in 'SEO, Traffic and Revenue' started by Brandon, Apr 9, 2012.

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  1. Brandon

    Brandon Regular Member

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    Facebook just bought Instagram for $1 billion in cash and stock.
    This makes sense because Facebook's mobile products are slow and painful to use.

    instagram-logo1.jpg

    I just saw this on Zuckerberg post..

    In a post on his profile page, Facebook’s chief Mark Zuckerberg said Instagram would continue to work with rival social networks. That will allow users to post on other services, follow users outside of Facebook, and to opt out of sharing on Facebook.

    Since his facebook post is loading rather slow, here is another source from the NYTimes.
     
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  2. Jessi

    Jessi Regular Member

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    I hate Facebook and I hate Instagram, so this seems like a perfect fit to me. :P

    It always amazes me to see things like Instagram blow up like it did, and then be worth so much in a relatively short amount of time (under 2 years).
     
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  3. carlalexander

    carlalexander Regular Member

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    Many guys said that Facebook was crazy to buy Instagram for a billion dollars since the company was not worth that much, but I guess if Facebook has got enough money going around, why not burn a few for fun huh? Plus every CEO makes a mistake once in a while.
     
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