Facebook To Buy Instagram For $1 Billion 162
Dorduan writes with news that Facebook is buying Instagram, the company who makes the popular mobile photo-sharing app of the same name, for approximately $1 billion. Mark Zuckerberg wrote,
"... 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."
Account removal (Score:3, Informative)
In order to delete your Instagram account, please visit our Account Removal page:
https://instagram.com/accounts/remove/request/
Re:One Billion? (Score:2, Informative)
I'm a former Android user who has just converted to iPhone, I can assure you that that iPhone Facebook app sucks just as badly as the Android one.
Re:One Billion? (Score:4, Informative)
The application details are a formality. The 30+million users are the product.
Not just that. The Facebook IPO stock is also the product.
And buying Instagram (for mostly what amounts to a stock swap) just before an IPO isn't as uncommon as you might think. Companies have been known to hire thousands of people for no other reason than trying to swell their headcount and ask for as much capitalization as possible for their IPO.