Posted by spidey in Tech News | 5 Comments
Facebook acquires Instagram for $1 billion
Social Networking giant Facebook just announced its acquisition of the hottest iOS photo-sharing app Instagram for a cool billion dollars in cash and stocks. Recently, Instagram became available to the Android users making the acquisition more lucrative for Facebook.
Here’s a screen capture of Facebook’s CEO Mark Zuckerburg’s announcement when he broke the news a few hours ago.
The app, including its team headed by CEO Kevin Systrom who was a graduate of Stanford University in 2006 with a BS in Management Science & Engineering, and Mike Krieger, a graduate from Stanford University where he studied Symbolic Systems with a focus in Human-Computer Interaction will be joining Zuck’s Facebook team.
The announcement made more than a hundred thousand Likes within four hours of posting in Zuck’s Timeline which is a testament on how popular and well-loved Instagram is. Now let’s wait and see what Facebook is going to do with their new toy.
[Zuck's announcement on his FB]
you can automatically blur your images when uploading in Facebook? no need to install into your phone or tablet.
incorporate built-in photo editing/filters in FB? Hmmm…
now that would be nice. if there’s an instagram like app on Facebook that you can use via web browser.
It’s like Facebook is taking over everything!
Haha.
I really hoped Instagram would decline that offer, they were already doing so good by themselves. They were able to put it on Androids and iOS.
I really don’t know why they sold it to Facebook though.
Anyway, editing pictures on Facebook? Ew. loljk
Nice sana gumawa rin ang Facebook ng sarili nilang Search Engine at Ads Network. sila lang nag papayaman ehh. They shoul give back to its avid users.