9 Apr 2012
Last week’s post about Instagram and Android was apparently a pre-cursor to today’s hot social network news. Mark Zuckerberg announced, via Facebook of course, that the company has acquired Instagram.
“I’m excited to share the news that we’ve agreed to acquire Instagram and that their talented team will be joining Facebook. 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.”
The popular mobile photo sharing service sold for about $1 billion in cash and stocks. Many young users of Instagram are worried this app will disappear into Facebook but CEO of Instagram Kevin Systrom assured fans that it “will be the same one you know and love.” The plan is to keep developing Instagram independently from the social network. This will allow users to post on other social networks, follow users not on Facebook, and to opt out of sharing on Facebook.
What do you think of this acquisition?
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