Facebook has just made a great move in their acquisition process, buying off Instagram for a whopping $1 billion, both in cash and stock.
Instagram is a mobile phone integrated photo sharing application (it only work for mobile phone users) for all mobile users. The app has grew from 1 million users from January 2011 to 15 million users in December 2011 all because of people’s craze for the app. And as of now, the app is having about 30 million users already.
Instagram app is very fast, sharing similarity with Facebook as one of the easiest loading application on the internet. Though, it is even faster than Facebook when it comes to loading time and good user experience. With the official Facebook iPhone app, user has to go through six phone screens before they can take pictures on their device while on Instagram, the process is just one.
In February, Business Insiders has described Instagram as the biggest rival to Facebook.
Finally, Facebook Buys Instagram
Just now, Facebook CEO, Mark Zuckerberg, just announced the news on Facebook about the takeover of the popular mobile-only photo sharing tool.
Mark Zuckerberg announced Instagram Takeover by Facebook:
“I’m excited to share the news that we’ve agreed to acquire Instagram and that their talented team will be joining Facebook.
For years, we have focused on building the best user 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.
We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on Instagram’s strengths and features rather than just trying to integrate everything into Facebook.
That’s why we’re committed to building and growing Instagram independently. Millions of people around the world love the Instagram app and the brand associated with it, and our goal is to help spread this app and brand to even more people.
We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience. 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.
These and many other features are important parts of the Instagram experience and we understand that. We will try to learn from Instagram’s experience to build similar features into our other products. At the same time, we will try to help Instagram continue to grow by using Facebook’s strong engineering team and infrastructure.
This is an important milestone for Facebook because it’s the first time we’ve ever acquired a product and company with so many users. We don’t plan on doing many more of these, if any at all. But providing the best photo sharing experience is one reason why so many people love Facebook and we knew it would be worth bringing these two companies together.
We’re looking forward to working with the Instagram team and to all of the great new experiences we’re going to be able to build together.”
How to Export Your Instagram Photos Before Facebook Screw Everything
However, if you want to know how to backup your data from Instagram before Facebook screw everything for you, kindly read this article on Gizmodo that explains everything you needed to know about exporting your data from instagram server.
Update!!!
The link has been removed from Gizmodo!
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Great article Olawale.
I am curious to see how Facebook plans on keeping Instagrams independence and what benefits we can expect to see from the integration into Facebooks infrastructure.
Let’s wait and see what’s going to come out of it
Olawale Daniel recently posted…Nokia Planning True PureView Windows Phone to release later in 2013
I wish i could invent something that Facebook would show interest in. 1 Million dollars for a start and developers will continue working in Facebook. How happy can they be at this moment?
I love instagram I’m so happy for them. =)
Thats a good news but I want to know why has the Facebook 1 billion for just an APP?
Im not superstars on Facebook but this information is great if you doing a massive programs… Better wait for the next info from Mark..