| Facebook buy Instagram for $1 billion (http://www.zealed.com.au) |
Instagram is one of the social media programs most people would refer to it as "cool" . It as a photo-sharing site that uses a cellphone camera to take pics for either your Facebook or Twitter.
This program is popular in a way that Facebook together with Twitter and google were all interested in this program. It is said that Facebook payed $1 billion to Instagram's Chief Executive and co-founder (Mike Kreiger) to purchase this two-year-old -program on 9 April 2012.
Mark Zukerberg the founder of Facebook said that "Facebook was committed to building and growing instagram independently". He believes that this program will be of a good course for facebook, the reason for this is because most people uses Facebook to share photos. Thus instagram will be a much more interesting way of photo-sharing amongst people.
"Other sources suspects that Mark Zuckerberg has a fear of Facebook losing it's place, youngsters will get their social networking fix from other services". Kashmir Hill lists 8 Reasons Why Facebook Bought Instagram: (http://www.forbes.com)
- Because it could.
- Because it didn’t want a competitor to snap it up first.
- Because Facebook’s mobile app sucks. Instagram’s doesn’t.
- Because most people are on Facebook to look at other people’s photos, and Facebook wants to keep it that way.
- More data.
- Because it wanted to buy soul.
- Because it’s cheaper than inventing a time machine.
- Because it wanted to buy soul.
| Instagrams foundersMike Krieger and Kevin Sytrom (http://techcrunch.com/2012/04/09/facebook-to-acquire-instagram-for-1-billion/) |