Facebook Buys Instagram For 1 Billion, Turns Budding Rival Into Its Standalone Photo App. Facebook has just finished a deal to acquire mobile photo sharing app Instagram for approximately 1 billion in cash and stock. Instagram will remain an independently branded standalone app thats separate from Facebook, but the services will increase their ties to each other. The transaction should go through this quarter pending some standard closing procedures. Nba 2K13 Demo Xbox more. Last year, documents for a standalone Facebook mobile photo sharing app were attained by Tech. Crunch. Now it seems Facebook would rather buy Instagram which comes with a built in community of photographers and photo lovers, while simultaneously squashing a threat to its dominance in photo sharing. At 2. 7 million registered users on i. OS alone, Instagram was increasingly positioning itself as a social network in its own right not just a photo sharing app. And it was clear that some users were doing more of the daily sharing actvities on Instagram rather than Facebooks all in one mobile apps, which had to be cluttered with nearly every feature of the desktop site. With the Instagram for Android launch last week, Instagram was going to get to 5. And with that kind of momentum, Facebook felt like it had to move fast. After all, photo sharing and tagging are arguably what madeFacebook. Whatever you think of the price given the fact that Instagram had no revenues, the reality is it was going to be worth whatever Mark Zuckerberg felt like paying for it. Both Google and Facebook had approached Instagram several times over the past 1. Facebook Business gives you the latest news, advertising tips, best practices and case studies for using Facebook to meet your business goals. A small fraction of the code that displays Facebook web pages was exposed to a small number of users due to a single misconfigured web server that was fixed immediately. Facebook Photos Size Guide 2017. Ever tried using photos or graphics on your Facebook page It can be frustrating. So heres an uptodate, unofficial guide to what. Launching a successful Facebook group is a definite art. October 13, 2017. Now You Can Order Food with Facebook Were taking the time out of finding what you want to eat by officially launching the ability to order food. We would like to show you a description here but the site wont allow us. Instagram is a mobile, desktop, and Internetbased photosharing application and service that allows users to share pictures and videos either publicly or privately. So Facebook was going to have to offer a huge premium over the last valuation for Systrom and the board to take any deal seriously. Instagrams founders from left, Mike Krieger and Kevin Systrom. Portrait by Cody PickensWith the deal, Instagram will gain massive design and engineering resources by joining forces with Facebook, a big change after running as a famously lean company with just a handful of employees. Still, the deal seems to let Instagram stay somewhat independent and maintain some of its company culture. Instagram CEO Kevin Systrom writes in a blog post, Its important to be clear that Instagram is not going away. This is a really big departure from the way Zuckerberg has historically run Facebook as a single product. He has always been insistent that everything feed back into Facebook itself. Keeping Instagram as a separate product and brand is reminiscent of what Google has done with keeping You. Facebook is purchasing messaging giant WhatsApp for 16 billion in cash and stock, according to a regulatory filing. I upload a photo, crop it, and it is pixelated. Nothing I do helps, and nothing I read about it helps me understand what to do. I follow directions given, but the. Tube and Android as separate fiefdoms within the company following their acquisitions. Instagrams investors included Benchmark Capital, Greylock Capital, Thrive Capital and Andreessen Horowitz, along with angel investors including Quoras Adam DAngelo, Lowercase Capitals Chris Sacca and Square and Twitters Jack Dorsey. The early investors must be thrilled with the price. From our understanding, the later investors, who put capital into the company at a 5. X in a few days after the money was wired last Thursday. Congratulations to Instagrams founders Mike Krieger and Kevin Systrom. You opened the worlds eyes to seeing art in everyday life, and now Facebook has opened its doors to you. So in your honor, weve made you part of the Tech. Crunch home page logo. Facebook Photo Size 2012' title='Facebook Photo Size 2012' />More On The Instagram acquisition. From 0 To 1 Billion In Two Years Instagrams Rose Tinted Ride To Glory. Right Before Acquisition, Instagram Closed 5. M At A 5. 00. M Valuation From Sequoia, Thrive, Greylock And Benchmark. Facestagram Five New Features Facebook Instagram Could Launch. With Instagram Buy, Facebook Officially Pushes M A Strategy Beyond The Acqui hireInsta Backlash Twitterverse Overreacts To Facebooks Instagram Acquisition, Users Delete AccountsMark Zuckerberg posted the following letter to his Timeline about the purchase Im excited to share the news that weve agreed to acquire Instagram and that their talented team will be joining Facebook. For years, weve focused on building the best experience for sharing photos with your friends and family. Now, well 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. 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 Instagrams strengths and features rather than just trying to integrate everything into Facebook. Thats why were 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 is 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 Instagrams experience to build similar features into our other products. At the same time, we will try to help Instagram continue to grow by using Facebooks strong engineering team and infrastructure. This is an important milestone for Facebook because its the first time weve ever acquired a product and company with so many users. We dont 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 would be worth bringing these two companies together. Were looking forward to working with the Instagram team and to all of the great new experiences were going to be able to build together. Additional reporting by Kim Mai Cutler, Image Credit Max Woolf.