Facebook Owns Instagram 2019

Facebook simply got Instagram for $1 billion in cash and also stock.

Facebook Owns Instagram

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

What's fantastic about it is that it is extremely quick - specifically compared to Facebook.

With the Facebook apple iphone application, there are 6 displays an individual has to go with prior to a user can really take a photo. With Instagram, there is one.

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

Mark Zuckerberg just announced the news on Facebook:

I'm thrilled to share the news that we've accepted acquire Instagram which their talented group will be signing up with Facebook.

For many years, we've focused on building the very best experience for sharing photos with your loved ones. Now, we'll be able to function even more very closely with the Instagram team to also provide the best experiences for sharing attractive mobile pictures with individuals based upon your rate of interests.

We believe these are various experiences that enhance each other. But in order to do this well, we require to be mindful about maintaining as well as building on Instagram's toughness as well as attributes rather than just attempting to incorporate everything into Facebook.

That's why we're dedicated to building and growing Instagram independently. Countless individuals all over the world love the Instagram app as well as the brand associated with it, as well as our goal is to assist spread this application as well as brand to a lot more people.

We think the fact that Instagram is attached to various other solutions beyond Facebook is a vital part of the experience. We plan on keeping functions like the capability to post to various other socials media, the capacity to not share your Instagrams on Facebook if you desire, as well as the capacity to have fans and adhere to people separately from your close friends on Facebook.

These and numerous various other attributes are very important parts of the Instagram experience and we understand that. We will certainly try to gain from Instagram's experience to construct comparable functions right into our various other products. At the same time, we will try to aid Instagram remain to grow by using Facebook's strong design group and infrastructure.

This is an essential turning point for Facebook because it's the very first time we have actually ever gotten a product and also business with numerous users. We don't plan on doing much more of these, if any kind of whatsoever. However offering the best photo sharing experience is one reason numerous individuals love Facebook and also we understood it would certainly deserve bringing these 2 firms together.

We're looking forward to working with the Instagram group and to every one of the fantastic brand-new experiences we're going to be able to construct together.

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