When Did Facebook Buy Instagram

Facebook simply acquired Instagram for $1 billion in cash money as well as stock.

When Did Facebook Buy Instagram

Facebook Buy Instagram

Instagram is a mobile-only photo-sharing app. It expanded from 1 million customers in January 2011 to 15 million in December 2011. It has 30 million users now.

What's great concerning it is that it is really quick - specifically compared to Facebook.

With the Facebook iPhone app, there are 6 displays a user has to go through prior to a user can actually take an image. With Instagram, there is one.

In February, we defined Instagram as the largest danger to Facebook.

Mark Zuckerberg just announced the information on Facebook:

I'm excited to share the information that we have actually consented to obtain Instagram which their gifted group will be joining Facebook.

For many years, we've concentrated on constructing the most effective experience for sharing images with your family and friends. Currently, we'll have the ability to work even more carefully with the Instagram team to additionally use the most effective experiences for sharing lovely mobile photos with people based on your rate of interests.

Our company believe these are various experiences that enhance each other. However in order to do this well, we need to be conscious concerning keeping and also improving Instagram's strengths and also attributes as opposed to simply attempting to integrate whatever right into Facebook.

That's why we're committed to structure and growing Instagram separately. Numerous people all over the world like the Instagram app and the brand related to it, as well as our objective is to help spread this app and also brand name to much more individuals.

We assume the truth that Instagram is attached to other solutions beyond Facebook is a vital part of the experience. We intend on maintaining features like the capability to upload to other social networks, the capacity to not share your Instagrams on Facebook if you want, and the ability to have fans and comply with individuals separately from your good friends on Facebook.

These and numerous various other functions are important parts of the Instagram experience as well as we comprehend that. We will certainly try to gain from Instagram's experience to build similar functions into our other products. At the same time, we will certainly attempt to aid Instagram remain to expand by utilizing Facebook's solid engineering group as well as facilities.

This is a vital turning point for Facebook due to the fact that it's the very first time we've ever obtained an item as well as company with a lot of users. We don't plan on doing many more of these, if any type of in all. However offering the most effective image sharing experience is one reason why many people love Facebook and also we understood it would deserve bringing these two companies with each other.

We're eagerly anticipating dealing with the Instagram group and also to every one of the excellent brand-new experiences we're going to have the ability to construct with each other.