Facebook buys Instagram for $1 billion

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Instagram CEO Kevin Systrom announced that the popular photo-sharing app is now owned by the social network FacebookMark Zuckerberg has indicated further that the acquisition was made for one billion U.S. dollars in a combination of equity shares and pure money.


In addition, Kevin has Systrom clarified again that the users can still share in the future as well as their photos to other social networks and the service is currently unchanged. Also, the entire development team is taken from Facebook and will continue to develop the photo application.

It remains to be seen what will change the IOS and Android App. Perhaps in the future could merge Instagram closer to Facebook and also require the registration a Facebook account. Hopefully not too much mixed Facebook in the development process and leaves most decisions are still the team itself.

agram  account can disable with the following URL: https://instagram.com/accounts/remove/request/

The Instagram CEO in the company blog:

When Mike and I started Instagram nearly two years ago, we set out to change and improve the way the world communicating communication and shares. We've had an amazing time watching grow into a vibrant community Instagram of people from all around the globe. Today, we could not be happier to announce that has agreed to be acquired Instagram by Facebook.

Every day that passes, we see more experiences being shared in ways that through Instagram we never thought possible. It's because of our dedicated and talented team that we've gotten this far, and with the support and cross-pollination of ideas and talent at a place like Facebook, we hope to create an even more exciting future for Instagram and Facebook alike.
It's important to be clear that Instagram is not going away. We'l be working with Facebook to evolve and build the network Instagram. We'll continue to add new features to the product and find new ways to create a better mobi
le experience movies.
The Instagram app will silently be the same one you love and know. You'll still have all the same people you follow and that follow you.You 'll be able to quietly share to other social networks. And you'll still have all the other features that make the app so fun and unique.
We're psyched to be joining Facebook and are excited to build a better Instagram for everyone.

Facebook CEO Mark Zuckerberg statement:

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 mobile experiences for sharing beautiful photos with people based on your interests.

We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on strengths and Instagram's 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 i
s 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.

These and many other features are important parts of the Instagram experience and we understand that. We will try to learn from Instagram's experience to build similar features into our other products. At the same time, we will try to help Instagram continue to grow by using Facebook's strong engineering team and infrastructure.

This is an important milestone for Facebook because it's the first time we've ever acquired a product and company with so many users. We do not plan on doing many more of these, if any at all But providing the best photo sharing experience is one reason why so many people love Facebook and we knew it woul
d be worth bringing these two companies together.

We're looking forward to working with the Instagram team and to all of the great new experiences we're going to be able to build together.

[via AllThingsD]


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