Facebook To Buy Instagram For $1 Billion
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."
...it was nice knowin' ya!
OK, I have to admit it: I don't get it. What is it about Instragram that is worth $1Billion? Isn't it just a photo app with some built-in filters and sharing tools? Kinda like any other semi-advanced photo app?
So again - 1 $Billion? I mean, grats to the Instagram founders for cashing out in a massive fashion. But is this just another AOL? Is Facebook just grasping at straws in terms of trying to grow?
Those who can, do. Those who can't, sue.
Delete the Instagram account, or just tombstone it?
Here's their reaction to Instagram on android: http://www.androidpit.com/en/android/blog/404116/instagram-for-android
More here: https://twitter.com/#!/AndroidAGram
And my personal favourites:
The Bad Guy @DamnLes
Apple needs to stop whoever is converting their programs.. Now android have temple run and instagram.. its not special to have an iphone
Michael @Periphereality
@DamnLes I agree they need to stop the guy who keeps converting the iPhone apps! It should be illegal isn't it against copywright?!1
You can't be independent by simply declaring it will remain independent. You aren't independent. You own the business. That is not an "independent" relationship, no matter what PR spin you say today.
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
None of that makes any financial sense. I'll bet 5 internets on a 2:1 basis that within a year "instagram" is merely the name of the icon replacing "take a picture" inside the facebook app and all of the instagram social media stuff is merged into facebook.
Its a pity, I was almost getting around to installing the android app, but now its like, why bother.
"Science flies us to the moon. Religion flies us into buildings." - Victor Stenger
This news is from earlier today, not from last week. I'm worried that Slashdot may be abandoning its roots.
In order to delete your Instagram account, please visit our Account Removal page:
https://instagram.com/accounts/remove/request/
If people won't opt-in to give you their location data, won't use Facebook Places (or whatever its called) to tag themselves and their friends, then what's the solution? Buy up and mine all that data in users' picture data. This makes perfect sense when you consider their face matching algorithm. Instagram as far as I'm aware is heavily used for "pictures on the fly" not necessarily the kinds you upload into photo albums on Facebook. Now any time anyone takes an Instagram photo at a random place; say walking out on the street, Facebook will be able to record where you were and when... and that goes for anyone else who happens to have wondered into your camera's view.
Since it only came out on Android, I haven't had a chance to really care about it.
No problem uninstalling it as I type this.
Oh, and congrats to the guys that made it - sure got their payday!
"Murderer? Well, that's a harsh word. I prefer to think of myself as a Mortality Technician."
For 1bil, I am willing to sit on my ass all day long and write filters in Mathlab.
Nope, no bubble here! All photo filter apps are worth $1,000,000!
</sarcasm>
-chris
What's cooler than paying a million dollars for a useless hipster app?
Paying a BILLION dollars.
And I felt a million hipsters cry out in non-ironic pain, now with no online shelter from their mothers.
1. Build a simple app.
2. Generate a substantial user base.
3. Make facebook feel threatened.
4. Profit!
No man is an island, But if you take a bunch of dead guys and tie them together, they make a pretty good raft.
I installed Pixlromatic for Android before Instagram became available for Android, and I 've used it maybe twice.
I don't get what all the fuss is about.
...the future crusty old bastards are already drinking the Kool-Aid.
"the ability to not share your Instagrams on Facebook if you want"
just because you arent posting it to facebook doesnt mean you arent sharing it with facebook in the end
Anything? Does Instagram have any sort of lock on "Implementing digital image filters on a mobile phone" or something that would explain a $1 bil valuation? Seeing how there's a ton of ripoff apps I wouldn't think so but you never know. Couldn't Facebook have made something in-house and have it automatically Just Work for their existing users, most I assume who are a cross section from the Instagram users?
instalam.er
As if millions of hipsters cried out in pain, and then were suddenly silent.
So, 1 Instagram == 800 AOL Patents?
Source- http://tmblr.co/ZIw7uxJNDWSA
I’m going to go out and say it. I’m tired of Facebook acquiring startups I like. While I haven’t been a huge Instagram user, I use it a few times a week and appreciate the simplicity, design, functionality and community of the application. Unlike some I know the Android App launch didn’t bother me, the more platforms the merrier-I’m certainly no iOS snob. In fact, instagram is one of the few things that kept me from switching to Android (iTunes, Genius and iMessage among them).
It’s just a hunch, but I think that the feel of Instagram will degrade with Facebook. The simple sharing options will become encumbered by the confusing and needlessly complicated sharing and privacy options Facebook offers. Going from an app that does only one thing well to getting sucked up into the Facebook ecosystem won’t turn out well. Those that choseInstagram expressly because they don’t like Facebook will leave. Yet I still have to say congrats to the guys at Instagram, $1 Billion for a couple years work and only 8 employees at last count is phenomenal.
Maybe I like my separation, but I am no fan of the new Social Sharing/Reader feature, and you won’t find my Netflix, Hulu, Spotify or 4 Square accounts connected to Facebook. I keep it as a necessary evil, for those old friends I occasionally want to keep in touch with. For me the Google+ sharing model is worlds better, but G+ has no hope of success without a community behind it, and I still see no reason to visit it regularly.
Instagram won’t keel over in 6 or even 12 months, but I think those that truly appreciated it, the early adopters and the hardcore ‘iPhone Photographers’ will eventually leave indisgust. I could be wrong.
What do you think?
Waving a billion dollars at IP lawyers is like waving a red cape at a bull, methinks.
What is the advantage of Instagram? It seems a little bit like Lightbox, but with lower-quality pictures.
OK, so, I know some people that were at Gowalla when Facebook acquired them. Some of them bounced to InstaGram. Well, gratz to them, their option values just went through the roof, but now they're back with golden handcuffs to stay at Facebook where they didn't want to be in the first place.
Glad I kept my Polaroid, that is.
Does Instagram make any money?
...for making my life simpler. I now I have absolutely no incentive for installing instagram!
O.K., that fact is kind of cool, and it's nice to know that Apple did not just abandoned the NeXT people.
But I think my point still stands – Apple quickly dropped the brand and integrated the NeXT engineers into Apple’s team (or was it the other way around?). As a counter point, look at when Tata Motors took over Jaguar. They kept the brand and engineers mainly in place. While they expect some cross pollination between the engineering groups, I am guess that not of British engineers will be working on the next 1 lakh car, or vice versa.
I never used instagram because it seems like it was just a photocropping/tinting gimmic. Okay so it had "the social" too. But really what was special about instagram besides the nostaligic cropping?
There's only about 30 million downloads of instagram so there are probably about 1 million people still using it. that's 1000 a customer, for people who probably were already Facebook customers.
I think facebook bought this just to foreclose some other social netowrk from forming around this.
Some drink at the fountain of knowledge. Others just gargle.
OK so a friend of mine has an Instagram account and wants me to "follow" him, but I cannot see how to sign up with just an ordinary web browser on a normal computer. Instagram's website is no help. Anyone?
Drunken Sailor
Now all the hipsters fucking up their photos with utterly stupid filters can share them easier on facebook!
I mean we are talking about the internet elite here aren't we? The same idiots who said (and I quote) "ew" regarding Android users using their service.
https://www.google.com.au/search?q=iphone%20user%20backlash%20over%20android%20instagram&hl=en&meta=#hl=en&sclient=psy-ab&q=iphone+user+backlash+over+android+instagram+-facebook&oq=iphone+user+backlash+over+android+instagram+-facebook&aq=f&aqi=&aql=&gs_l=serp.3...12799l14431l0l14564l10l10l0l0l0l0l433l1937l0j2j5j0j1l8l0.frgbld.&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=58b7f9b5dc851469&biw=1528&bih=759
Honestly, I cant' think of 2 groups better suited to hang with each other, it's utterly perfect. Elitist Apple idiots with terrible taste in photography and narcissists.
I suspect that the reason Facebook is buying Instagram now is that once they go public, they won't have the ability to arbitrarily add shares.
Nothing in Linux/Windows comes remotely close.
IANAL but write like a drunk one.
They probably use CoreImage on the iPhone which is all Apple's work. You can use the built in filters or provide your own "kernel" that is some C code that gets executed on your image data.
Mark Z: "I'll BUY your Instagram iPhone app for a MILLION dollars!"
Dramatic pause with pinky finger to side of mouth...
Instagram: laughter.
Second in command at FB with a eye patch: Whispering (a million dollars isn't actually a lot of money in 2012)
Mark Z: "I'll BUY your Instagram iPhone app for a BILLION dollars!"
Dramatic pause with pinky finger to side of mouth...
Instagram: GASP!