Facebook Buys Instagram $1Billion

It’s a buying frenzy out there…

and the best place to make a billion dollars is out in cyberspace. 


Mark Zuckerberg announced yesterday that Facebook will now be the proud owners of Instagram at a whopping $1,000,000,000 dollar purchase price.  What is Instagram?

“It’s a fast and fun way to share your photos with friends and family. Snap a picture, choose a filter to transform its look and feel, then post to Instagram.  Share to Facebook, Twitter, and Tumblr too – it’s as easy as pie.  It’s photo sharing, reinvented.”

Mark Zuckerberg said,

“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.

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.”  Read More of Mark’s Post Here

The immediate responses from Twitter users came in a variety of mixed opinions and emotions:

Meanwhile over on the original Facebook announcement, the most popular (liked) comments seem to create some balance by adding a more positive acceptance of the billion dollar purchase:

No matter what your opinion is of this acquisition, it’s clear that many new and cool popular sites, tools, and services available in the Internet space are quickly being gathered up by the “BIG DOGS” in an online race to be the biggest and best online portal with the most popular online and mobile goodies.

The $60,000 Question is: Should you spend your time guessing and trying to figure out who’s next, or spend your time designing and creating the next “Big Thing” on the web so you too can make a $1 Billion Dollar deposit into your savings account in the next few years?  Just sayin…

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