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Facebook To Buy Instagram For $1 Billion

Soulskill posted more than 2 years ago | from the payday-at-the-instagram-office dept.

Facebook 162

Dorduan writes with news that Facebook is buying Instagram, the company who makes the popular mobile photo-sharing app of the same name, for approximately $1 billion. Mark Zuckerberg wrote, "... in order to do this well, we need to be mindful about keeping and building on Instagram's strengths and 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 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."

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162 comments

Bye-bye Instagram... (1)

FromageTheDog (775349) | more than 2 years ago | (#39620637)

...it was nice knowin' ya!

Re:Bye-bye Instagram... (1)

Mojo66 (1131579) | more than 2 years ago | (#39620841)

Yup. Just deleted the app. I also recommend doing this. [osxdaily.com]

Re:Bye-bye Instagram... (1)

AliasMarlowe (1042386) | more than 2 years ago | (#39621579)

Yup. Just deleted the app. I also recommend doing this. [osxdaily.com]

Never heard of Instagram (but I have used Photobucket on occasion), and now I know I am unlikely ever to use Instagram. And BTW, my router already blocks all of Facebook's IP ranges, so I'm probably safe from Facebook's trackers. Actually, it's quite remarkable how many web pages have one or more "Forbidden" frames on them, not just the ubiquitous "like" buttons. Next, I guess the Instagram IP ranges must be added to the filter...

Re:Bye-bye Instagram... (2)

allo (1728082) | more than 2 years ago | (#39621915)

not enough domains. think of all the connect-stuff and fbcdn and such related sites.

This are even the wrong domains. www.facebook.com is the harmless one, which is only active, when you WANT to visit facebook. the other subdomains and other domains are the ones tracking you on the web via facebook-comments, like-buttons, etc.

Re:Bye-bye Instagram... (0)

Anonymous Coward | more than 2 years ago | (#39620943)

No ads, no BS, only a small portion of my friends... HUGE congratulations to them, but this is somewhat disappointing.

Re:Bye-bye Instagram... (3, Interesting)

oztiks (921504) | more than 2 years ago | (#39622529)

Let me get this straight $1b for some freaking iPhone app? really? a free one? Who on earth gave these people money in the first place? and then let them go off and use that free money they received to buy a free app which apparently someone somewhere said was worth $1b?

I really need to rethink this whole doing something tangible in order to actually make money concept. Perhaps look towards the do something miniscule but make it look like it was tangible department? any ideas?

Re:Bye-bye Instagram... (0)

Anonymous Coward | more than 2 years ago | (#39622915)

Just deleted it and also the account.
I can't believe it. I've been waiting for MONTHS for them to release the app for Android. And now, that I've been using it for like two weeks, BAM! Facebook buys Instagram.

just FUCK!

One Billion? (5, Interesting)

NeutronCowboy (896098) | more than 2 years ago | (#39620643)

OK, I have to admit it: I don't get it. What is it about Instragram that is worth $1Billion? Isn't it just a photo app with some built-in filters and sharing tools? Kinda like any other semi-advanced photo app?

So again - 1 $Billion? I mean, grats to the Instagram founders for cashing out in a massive fashion. But is this just another AOL? Is Facebook just grasping at straws in terms of trying to grow?

Re:One Billion? (4, Interesting)

teh31337one (1590023) | more than 2 years ago | (#39620693)

Facebook may never make that $1b back, but it's still smart. Instagram was the only thing challenging their dominance in photo sharing. Via Twitter [twitter.com]

Re:One Billion? (-1)

Anonymous Coward | more than 2 years ago | (#39620777)

Fwck Facebo0k...

Re:One Billion? (5, Interesting)

poetmatt (793785) | more than 2 years ago | (#39620815)

Yep. this is a "purchase to shut it down.". Funny how things happened right around when they released for android (even though it's likely that this deal was in the works for months).

Re:One Billion? (2)

Desler (1608317) | more than 2 years ago | (#39620833)

What's funny about that? Facebook supports Android as well.

Re:One Billion? (3, Funny)

edmicman (830206) | more than 2 years ago | (#39621119)

Facebook supports Android as well.

Is that what you call it?

Re:One Billion? (2, Informative)

Anonymous Coward | more than 2 years ago | (#39622001)

I'm a former Android user who has just converted to iPhone, I can assure you that that iPhone Facebook app sucks just as badly as the Android one.

Re:One Billion? (0)

Anonymous Coward | more than 2 years ago | (#39621339)

Yep. this is a "purchase to shut it down."

I'm not privy to Instagram's financial statements, but there are a lot of companies I'd love to see shut down, especially if offered a billion dollars. Congratulations to anyone at Instragram with equity, for your CEO had the wisdom to take the money and run!

Re:One Billion? (-1)

Anonymous Coward | more than 2 years ago | (#39621405)

Facebook may never make $1b

ftfy

Re:One Billion? (3, Insightful)

pympdaddyc (586298) | more than 2 years ago | (#39620709)

Without disagreeing with the substance of your post ($1 billion does seem like a lot for what it is), in principle things like notoriety/brand recognition, patents, and existing user base all are worth money, much more than whatever time it would take for a competitor to build an identical system from scratch.

Re:One Billion? (5, Insightful)

aaandre (526056) | more than 2 years ago | (#39620715)

The application details are a formality. The 30+million users are the product.

Facebook is buying cattle fenced in by another app, and moving it within its world (where Google cannot reach :).

Re:One Billion? (1)

NeutronCowboy (896098) | more than 2 years ago | (#39621115)

Fair enough. But how many Instagram users are NOT already on Facebook? To expand your analogy, this is like buying cattle that is sitting in a small little fence that is already surrounded by a much larger fence - your fence. This means that one of three things is true: Instagram users are for some reason largely not on Facebook, there's something about the Instagram app that is special, or Zuckerberg got suckered. I hope it's the last one, but... who knows. I'm still curious to see if I'm missing something here.

Re:One Billion? (3, Insightful)

Anonymous Coward | more than 2 years ago | (#39621689)

"Social" is a tough game. By the time it's clear that a competing platform is a threat, they'll have their own established brand and overinflated stock price.

Presumably Facebook believe that a large number of their users use their accounts primarily for sharing photos with friends.If some other platform starts serving that need, they'll stop spending time on Facebook, and if the platform reaches critical mass, they'll start "dragging" other users over.

Remember that ad revenues go up as users spend more time on their site. If people are sharing and browsing photos somewhere else, they're spending less time on Facebook, even if they still have an account.

Thus there are two costs: the direct loss of ad revenue as people spend less time on Facebook, and the increased risk of a competitor gaining critical mass as people form networks outside of Facebook. It's safest to cull them while they are buds, but of course the start-ups know that, and demand a hugely inflated price.

Re:One Billion? (1)

AngryDeuce (2205124) | more than 2 years ago | (#39622185)

But how many Instagram users are NOT already on Facebook?

*raises hand*

Well, at least I used to be an Instagram user. Just got it when they debuted it for Android. Since I can't fucking stand Facebook, I guess that means I'm now done with Instagram, since even if they do keep it as a stand alone product, they'll probably require a Facebook account.

/sigh...

Any recommendations anyone have for a good free Android alternative for something to take quick snapshots, apply a basic filter, and share them with people? Tried Vignette and Retro Camera and they both sucked compared to Instagram.

Re:One Billion? (3, Insightful)

brit74 (831798) | more than 2 years ago | (#39621463)

Doesn't $33 per user seem a bit excessive to you?

Re:One Billion? (1)

vlm (69642) | more than 2 years ago | (#39620719)

Some fun math to take the number of active users (not installed, not "created an account", but active) and divide the billion by that.

Also fun to contemplate a billion divided by the number of pics taken.

They're going to have to monetize that billion somehow, plus a profit... how is the mystery...

Re:One Billion? (2)

TheRaven64 (641858) | more than 2 years ago | (#39621641)

Remember that the Facebook T&Cs give them a nonexclusive, transferable, sublicenseable, commercial copyright license to anything you upload. They've started making money from selling photos that people upload, and I doubt this will stop any time soon...

Re:One Billion? (4, Insightful)

alen (225700) | more than 2 years ago | (#39620729)

1990's and prior - you had to buy and read magazines to get your celeb news

21st century - celebs connect directly to fans via social networks

the owner of the platform that owns this will have a huge opportunity in marketing

look for pinterest to be bought next

Re:One Billion? (1)

pankkake (877909) | more than 2 years ago | (#39620791)

Maybe they think it will help get them some money out of hipster's trust funds.

Re:One Billion? (0)

Anonymous Coward | more than 2 years ago | (#39620811)

Wealth is in the users. No matter how novel.

Re:One Billion? (0)

Anonymous Coward | more than 2 years ago | (#39620823)

Won't faceplant also own all the user generated content in Instagram? Isn't that what happens to anything you post to faceplant already?

Poop, I wanted to try Instagram but I won't use it if facebook owns it.

Re:One Billion? (1)

Hogwash McFly (678207) | more than 2 years ago | (#39621037)

The wonders of the Extrovert Economy.

Re:One Billion? (1)

macbass (868593) | more than 2 years ago | (#39621529)

Look at it this way - a billion isn't worth what it once was. That's the only way I can stop my head spinning over this decision. Are apps the next tulip craze? And how many other disconnected thoughts can I get in here?

Re:One Billion? (0)

Anonymous Coward | more than 2 years ago | (#39622347)

sounds like the premise of the 9th season of Two and a Half Men

Decisions, decisions... (2)

DdJ (10790) | more than 2 years ago | (#39620647)

Delete the Instagram account, or just tombstone it?

Re:Decisions, decisions... (1)

game kid (805301) | more than 2 years ago | (#39621569)

It's clear Facebook says they'll keep insta pretty much independent.

It's also clear that Facebook is about as trustworthy as a shell in a casino when personal information is involved. If I had an insta account with sensitive info I would delete it and send my disgust to Instagram for their CEO's CC-al real quick now.

Re:Decisions, decisions... (0)

Anonymous Coward | more than 2 years ago | (#39621833)

Delete the Instagram account, or just tombstone it?

What would happen if FB were to buy /. ?

Re:Decisions, decisions... (1)

AngryDeuce (2205124) | more than 2 years ago | (#39622221)

Mass fucking suicide.

Wonder how iPhone idiots will react to this? (5, Funny)

teh31337one (1590023) | more than 2 years ago | (#39620655)

Here's their reaction to Instagram on android: http://www.androidpit.com/en/android/blog/404116/instagram-for-android [androidpit.com]

More here: https://twitter.com/#!/AndroidAGram [twitter.com]

And my personal favourites:

The Bad Guy @DamnLes
Apple needs to stop whoever is converting their programs.. Now android have temple run and instagram.. its not special to have an iphone

Michael @Periphereality
@DamnLes I agree they need to stop the guy who keeps converting the iPhone apps! It should be illegal isn't it against copywright?!1

Re:Wonder how iPhone idiots will react to this? (0)

Anonymous Coward | more than 2 years ago | (#39620701)

God help us if all their processors don't use the same endian layout #Swift.

Re:Wonder how iPhone idiots will react to this? (3, Insightful)

samazon (2601193) | more than 2 years ago | (#39620775)

There are so many reasons I avoid Apple products (#1 being, I don't actually NEED a graphic design/video editing/print layout computer or other iGadget) and this has just been added to the list right underneath the idolatry thing. [slashdot.org]

Re:Wonder how iPhone idiots will react to this? (2)

um... Lucas (13147) | more than 2 years ago | (#39621165)

Sigh... I remember back when slashdotters LIKED Apple and looked forward to new releases from them.

http://apple.slashdot.org/story/02/05/13/1245241/preview-of-mac-os-x-102 [slashdot.org]

Re:Wonder how iPhone idiots will react to this? (2)

Cederic (9623) | more than 2 years ago | (#39621445)

OSX did make me seriously consider switching to Macs. Then Apple went all controlling and I just don't like that.

Re:Wonder how iPhone idiots will react to this? (0)

sourcerror (1718066) | more than 2 years ago | (#39622647)

What is that you want to do on OSX and can't do on Linux? I mean, you go to Windows for games and engineering applications, you go to Linux for programming/servers . But why OSX? What is the niche it fills?

Re:Wonder how iPhone idiots will react to this? (1)

AngryDeuce (2205124) | more than 2 years ago | (#39622351)

I liked Apple back before the iDevice bullshit. Now they're just expensive fashion accessories it seems. I mean, I've heard people make fun of each other because one of them had the last generation iPhone for fuck's sake. When you hear a 17 year old say "What is that, an iPhone 3GS? How's it feel to be poor, loser?" you realize that they're not devices anymore but status symbols.

I know that there are many Apple users out there that aren't stupid like that, but unfortunately, they're not the ones blathering on about Apple all day and night, and the last goddamned thing I want is an excuse for one of those people to start talking to me. God forbid it breaks and you have to go to the Apple Store (where those people live); I'd rather hammer nails into my toes.

Re:Wonder how iPhone idiots will react to this? (0)

Anonymous Coward | more than 2 years ago | (#39623139)

Did a 17 year old make you cry?

Re:Wonder how iPhone idiots will react to this? (5, Insightful)

maccodemonkey (1438585) | more than 2 years ago | (#39620819)

Spoiler alert: All the platforms have their idiots.

Re:Wonder how iPhone idiots will react to this? (4, Funny)

thesandbender (911391) | more than 2 years ago | (#39621453)

Yes... but everyone knows Apple revolutionized idiots and everyone else is just copying. (lovingly posted from my iMac)

Re:Wonder how iPhone idiots will react to this? (1)

stretch0611 (603238) | more than 2 years ago | (#39621615)

Spoiler alert: All the platforms have their idiots.

Yes, but apple has the best kind of idiots, the ones that have enough money to afford the cost of apple's products.

Re:Wonder how iPhone idiots will react to this? (0)

RotateLeftByte (797477) | more than 2 years ago | (#39621863)

So I'm an idiot then?

I switched to a MacBook nearly 5 years ago. I found (And still find) Windows was just getting in my face. Then there were the AV progs like Norton etc who seemed to slow down my machine at every opportunity.

Moving to OSX (I have a Unix/Linux background) was a breath of fresh air.

I've recently had to start using Windows again in a new Job. Windows 7 and Server 2008 are headbangingly frustrating.
I have to admit the Server 2003 is about the best OS to come out of Redmond but everything since then.... Well forget it. They just get in the way. You are not in control of your system. Microsoft is. They define a set of rules that are nigh on impossible to get around. This makes my job harder. Even working with LPARS on zOS is easier than the POS that is Windows.
Don't even get me started on Windows 8. They have really lost it. FWIW, Canonical have done the same with Unity so Microsoft are not alone here.

Now for a raft of downvoting even though I've been writing software for 40 years this month.

Re:Wonder how iPhone idiots will react to this? (2)

CrackedButter (646746) | more than 2 years ago | (#39622243)

Yes you are an idiot if you're going to give them the time of day with a response, why bother. I speak as a Mac user.

Re:Wonder how iPhone idiots will react to this? (-1, Troll)

Anonymous Coward | more than 2 years ago | (#39620845)

Wow. You found isolated idiots on the internet making idiotic statements and other isolated idiots agreeing with them then having those opinions amplified in an echo chamber until it looks like their idiotic opinions are shared by the majority. All you need is to get upvoted to a 5 and the circle will be complete. Hakunamatata.

Re:Wonder how iPhone idiots will react to this? (5, Interesting)

samazon (2601193) | more than 2 years ago | (#39621185)

The problem is, it isn't isolated idiots. I have friends who are not "idiots" who are genuinely offended that "their" app is now available for use by people with Android phones. It's an Apple elitism that I, for one, refuse to be a part of. Some of my favorite tech bloggers swear by Apple (one even worked for them) and I don't hold it against them that they enjoy using and having the products, nor do I engage them in arguments/discussions about why I don't buy Apple products. The day that I absolutely need a Powerbook, iMac, iPod, iPhone, or iDon'tKnowWhatElse, is the day that I'll buy one, and not a moment sooner. Generally speaking, the people who use Apple products because they need them and not because of the Apple Cult of Personality are the ones who are the isolated (non-idiots) who don't think that they're better than everyone else because they spent half their paycheck on what amounts (for most people, again not including the class of people I am currently referring to) to a toy.

Re:Wonder how iPhone idiots will react to this? (1, Insightful)

maccodemonkey (1438585) | more than 2 years ago | (#39621223)

I commonly see Android users who are genuinely offended that Google is releasing their apps for iOS as well. Yet a double standard is applied to iPhone users that they're the snobby ones.

Heck, Android users calling Apple part of a "Apple Cult of Personality" and "idiots" is a little snobby, don't you think?

Re:Wonder how iPhone idiots will react to this? (2)

samazon (2601193) | more than 2 years ago | (#39621655)

Sure it is. In my experience - as in, among the people I know - the ones who talk about how awesome their phone/tablet/etc is... are Apple users. I know some people who really like their Android phones, but none who get so pushy about how great their phones are as the iPhone users I know. Just by my experience.

And also, when referencing my above post, you should know that I don't own a single gadget with an Android or Apple OS on it. I've used both, I keep both in mind when finishing products at work, but I am not a user (of any smartphone - because my cell phone is for calls and texts, and my computer is for everything else).

The only Apple users who are idiots are the ones who spend money that they don't have on stuff that they don't need in order to "keep up with the Joneses."

Re:Wonder how iPhone idiots will react to this? (2)

maccodemonkey (1438585) | more than 2 years ago | (#39621681)

Sure it is. In my experience - as in, among the people I know - the ones who talk about how awesome their phone/tablet/etc is... are Apple users. I know some people who really like their Android phones, but none who get so pushy about how great their phones are as the iPhone users I know. Just by my experience.

One only has to wander over to the Engadget comments section for any article related to Android or iOS.

The only Apple users who are idiots are the ones who spend money that they don't have on stuff that they don't need in order to "keep up with the Joneses."

Again...

Heck, Android users calling Apple part of a "Apple Cult of Personality" and "idiots" is a little snobby, don't you think?

Re:Wonder how iPhone idiots will react to this? (0)

Anonymous Coward | more than 2 years ago | (#39621737)

I commonly see Android users who are genuinely offended that Google is releasing their apps for iOS as well. Yet a double standard is applied to iPhone users that they're the snobby ones.

Heck, Android users calling Apple part of a "Apple Cult of Personality" and "idiots" is a little snobby, don't you think?

Proof is where? Obvious troll is obvious.

Re:Wonder how iPhone idiots will react to this? (0)

toriver (11308) | more than 2 years ago | (#39621829)

Android users aren't snobby. When they tell you that the fix for your issues with a given Android app on your handset is to "buy a Nexus" they are just being friendly.

Re:Wonder how iPhone idiots will react to this? (1)

AngryDeuce (2205124) | more than 2 years ago | (#39622459)

As compared to the pithy "Should have bought a Mac!!" that I hear from Apple users in response to almost any PC problem I've ever had? Because Apple PC's never, ever have problems, am I right?

I can understand that Apple users may get an unfair shake when it comes to snobbery and elitism, but I've met far, far more "Cult of Steve" types than any other. I haven't heard such animosity since the Sega Genesis/Super Nintendo rivalry of my middle school days, but at least we had the excuse that we were kids, not fully grown adults.

Re:Wonder how iPhone idiots will react to this? (0)

Anonymous Coward | more than 2 years ago | (#39622785)

I commonly see Android users who are genuinely offended that Google is releasing their apps for iOS as well. Yet a double standard is applied to iPhone users that they're the snobby ones.

Heck, Android users calling Apple part of a "Apple Cult of Personality" and "idiots" is a little snobby, don't you think?

Really? Can you give an example? I can't even think of a single app that was released on Android and later ported to iPhone.

Re:Wonder how iPhone idiots will react to this? (0)

Anonymous Coward | more than 2 years ago | (#39623147)

Heck, Android users calling Apple part of a "Apple Cult of Personality" and "idiots" is a little snobby, don't you think?

People were saying that long before the days of iPhone and Android, you know.

Re:Wonder how iPhone idiots will react to this? (1)

teh31337one (1590023) | more than 2 years ago | (#39621241)

I said "iPhone idiots", not all iPhone users or w/e. That's an assumption you made yourself.

Re:Wonder how iPhone idiots will react to this? (3, Funny)

Anonymous Coward | more than 2 years ago | (#39621373)

i don't typically go all grammer nazi but isn't it supposed to be iDiots?

Re:Wonder how iPhone idiots will react to this? (1)

teh31337one (1590023) | more than 2 years ago | (#39621473)

Spot on. My mistake.

Re:Wonder how iPhone idiots will react to this? (4, Funny)

TheNinjaroach (878876) | more than 2 years ago | (#39621151)

My roommate was telling me about some rather amusing quotes he read with regards to Android Instagram. Our favorite:

Android has Instagram? Well that does it. Prepare to be flooded with pictures of ramen noodles and food stamps.

Re:Wonder how iPhone idiots will react to this? (4, Funny)

Anonymous Coward | more than 2 years ago | (#39621775)

I thought instagram and iphones were big in artist circles. Instagram should already be full of pictures of ramen noodles and food stamps.

Suuuure... right now (0)

Anonymous Coward | more than 2 years ago | (#39620667)

You can't be independent by simply declaring it will remain independent. You aren't independent. You own the business. That is not an "independent" relationship, no matter what PR spin you say today.

Re:Suuuure... right now (2)

alexander_686 (957440) | more than 2 years ago | (#39620781)

Context is important.

Sometimes when companies are bought they are absorbed completely. Brand names are dropped, software works well with parent company but no other, etc. It’s like when Apple bought a little computer company called Next. Want support for that old Next computer? Not so much – buy a Mac instead.

On the other hand, sometimes the brand is left “independent” in the sense that the parent’s brand is not stamped all over it. And it sounds like they are not requiring you to open a FaceBook account to continue to use Instagram. Now, will the two share data? Yeah, I am sure.

Re:Suuuure... right now (1)

IntlHarvester (11985) | more than 2 years ago | (#39622319)

Actually, Apple sent me a free copy of OpenStep 4.2 to ensure that my cube was Y2K compliant.

nosense (2)

vlm (69642) | more than 2 years ago | (#39620673)

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

None of that makes any financial sense. I'll bet 5 internets on a 2:1 basis that within a year "instagram" is merely the name of the icon replacing "take a picture" inside the facebook app and all of the instagram social media stuff is merged into facebook.

Its a pity, I was almost getting around to installing the android app, but now its like, why bother.

Re:nosense (2)

jeffmeden (135043) | more than 2 years ago | (#39621897)

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

None of that makes any financial sense. I'll bet 5 internets on a 2:1 basis that within a year "instagram" is merely the name of the icon replacing "take a picture" inside the facebook app and all of the instagram social media stuff is merged into facebook.

Its a pity, I was almost getting around to installing the android app, but now its like, why bother.

Considering Instagram's "niche" is a low-res photo with a shitty filter, replacing the Facebook photo functionality with ANYTHING remotely like this is probably enough to make Facebook useless to an even larger contingent of the general public. Some people prefer, you know, SEEING what they just took a picture of...

Is Slashdot broken today? (5, Funny)

readandburn (825014) | more than 2 years ago | (#39620737)

This news is from earlier today, not from last week. I'm worried that Slashdot may be abandoning its roots.

Re:Is Slashdot broken today? (5, Funny)

Bill Hayden (649193) | more than 2 years ago | (#39620805)

Our apologies... We've scheduled a dupe for next week to rectify this problem. --The Management

Re:Is Slashdot broken today? (0)

Anonymous Coward | more than 2 years ago | (#39621469)

That would be the third posting so that makes it 'Tripe'.

Account removal (3, Informative)

Anonymous Coward | more than 2 years ago | (#39620739)

In order to delete your Instagram account, please visit our Account Removal page:

https://instagram.com/accounts/remove/request/

Seems obvious to me... (0)

Anonymous Coward | more than 2 years ago | (#39620757)

If people won't opt-in to give you their location data, won't use Facebook Places (or whatever its called) to tag themselves and their friends, then what's the solution? Buy up and mine all that data in users' picture data. This makes perfect sense when you consider their face matching algorithm. Instagram as far as I'm aware is heavily used for "pictures on the fly" not necessarily the kinds you upload into photo albums on Facebook. Now any time anyone takes an Instagram photo at a random place; say walking out on the street, Facebook will be able to record where you were and when... and that goes for anyone else who happens to have wondered into your camera's view.

Not Enough Time To Care (2)

RapidEye (322253) | more than 2 years ago | (#39620767)

Since it only came out on Android, I haven't had a chance to really care about it.
No problem uninstalling it as I type this.

Oh, and congrats to the guys that made it - sure got their payday!

I am willing to work in Mathlab till my death (0)

Anonymous Coward | more than 2 years ago | (#39620867)

For 1bil, I am willing to sit on my ass all day long and write filters in Mathlab.

Bubble? (1)

chrisl456 (699707) | more than 2 years ago | (#39620901)

Nope, no bubble here! All photo filter apps are worth $1,000,000!

</sarcasm>

Re:Bubble? (2, Funny)

Anonymous Coward | more than 2 years ago | (#39620977)

Y u no understand powers of 10?

Re:Bubble? (1)

chrisl456 (699707) | more than 2 years ago | (#39621043)

Wow. I even double checked it. That's what I get for posting right after waking up.

What's cooler... (5, Funny)

Anonymous Coward | more than 2 years ago | (#39620911)

What's cooler than paying a million dollars for a useless hipster app?

Paying a BILLION dollars.

Disturbance in Skinny Jeans (3, Funny)

ThatsNotPudding (1045640) | more than 2 years ago | (#39620919)

And I felt a million hipsters cry out in non-ironic pain, now with no online shelter from their mothers.

Re:Disturbance in Skinny Jeans (1)

pankkake (877909) | more than 2 years ago | (#39621381)

Actually they were already crying because it is no longer exclusive to iOS.

Business Model (3, Insightful)

CuriousGeorge113 (47122) | more than 2 years ago | (#39620961)

1. Build a simple app.

2. Generate a substantial user base.

3. Make facebook feel threatened.

4. Profit!

Re:Business Model (4, Insightful)

thomasw_lrd (1203850) | more than 2 years ago | (#39621603)

Wait, are the early 90's back?

1. Build a simple app
2. Generate a substantial user base
3. Make Microsoft feel threatened.
4. Profit.

What's all the fuss about? (1)

treeves (963993) | more than 2 years ago | (#39621101)

I installed Pixlromatic for Android before Instagram became available for Android, and I 've used it maybe twice.
I don't get what all the fuss is about.

Re:What's all the fuss about? (0)

Anonymous Coward | more than 2 years ago | (#39622067)

It's a simple, elegant app for sharing photos. No BS. No ads. The filters compensate for what would otherwise be (and still are with precious few exceptions) very boring photos. The biggest draw for me is that I only share with about three or four good friends. Facebook is a wasteland of religious propaganda, and baby pictures, and photos from last night's trip to the bar. I can post things to Instagram that would somehow seem... pretentious to post to Facebook. As for the price, the user base is worth a lot. Not $1B though.

they absolutely think people are stupid (1)

Anonymous Coward | more than 2 years ago | (#39621153)

"the ability to not share your Instagrams on Facebook if you want"

just because you arent posting it to facebook doesnt mean you arent sharing it with facebook in the end

Patents? (2)

edmicman (830206) | more than 2 years ago | (#39621211)

Anything? Does Instagram have any sort of lock on "Implementing digital image filters on a mobile phone" or something that would explain a $1 bil valuation? Seeing how there's a ton of ripoff apps I wouldn't think so but you never know. Couldn't Facebook have made something in-house and have it automatically Just Work for their existing users, most I assume who are a cross section from the Instagram users?

Re:Patents? (0)

Anonymous Coward | more than 2 years ago | (#39621289)

Making the app is easy, it's making the users that's the hard part.

Re:Patents? (2)

toriver (11308) | more than 2 years ago | (#39621949)

No, I have at least five others on my iPhone: Hipstamatic, Plastiq, Infinicam, Lo-mob and Fusioncam. Instagram's claim to fame was the (largely Facebook-driven ironically) community functions.

instalam.er (0)

Anonymous Coward | more than 2 years ago | (#39621275)

instalam.er

I felt something (0)

squidflakes (905524) | more than 2 years ago | (#39621583)

As if millions of hipsters cried out in pain, and then were suddenly silent.

Re:I felt something (1)

Anonymous Coward | more than 2 years ago | (#39621727)

If the app had enough users to be this valuable, hipsters should have already moved on because it has become too mainstream.

Re:I felt something (1)

Reasonable Facsimile (2478544) | more than 2 years ago | (#39622123)

As if millions of hipsters cried out in pain, and then were suddenly silent.

Why did the hipster burn his mouth on the pizza?
Because he ate it before it was cool.

Equallity? (4, Insightful)

chinton (151403) | more than 2 years ago | (#39621899)

So, 1 Instagram == 800 AOL Patents?

Re:Equallity? (1)

Anonymous Coward | more than 2 years ago | (#39622115)

Your error is in assuming the prices reflect the value.

Shit. (2)

tburke261 (981079) | more than 2 years ago | (#39622007)

Source- http://tmblr.co/ZIw7uxJNDWSA [tmblr.co]

I’m going to go out and say it. I’m tired of Facebook acquiring startups I like. While I haven’t been a huge Instagram user, I use it a few times a week and appreciate the simplicity, design, functionality and community of the application. Unlike some I know the Android App launch didn’t bother me, the more platforms the merrier-I’m certainly no iOS snob. In fact, instagram is one of the few things that kept me from switching to Android (iTunes, Genius and iMessage among them).

It’s just a hunch, but I think that the feel of Instagram will degrade with Facebook. The simple sharing options will become encumbered by the confusing and needlessly complicated sharing and privacy options Facebook offers. Going from an app that does only one thing well to getting sucked up into the Facebook ecosystem won’t turn out well. Those that choseInstagram expressly because they don’t like Facebook will leave. Yet I still have to say congrats to the guys at Instagram, $1 Billion for a couple years work and only 8 employees at last count is phenomenal.

Maybe I like my separation, but I am no fan of the new Social Sharing/Reader feature, and you won’t find my Netflix, Hulu, Spotify or 4 Square accounts connected to Facebook. I keep it as a necessary evil, for those old friends I occasionally want to keep in touch with. For me the Google+ sharing model is worlds better, but G+ has no hope of success without a community behind it, and I still see no reason to visit it regularly.

Instagram won’t keel over in 6 or even 12 months, but I think those that truly appreciated it, the early adopters and the hardcore ‘iPhone Photographers’ will eventually leave indisgust. I could be wrong.

What do you think?

Re:Shit. (1)

CrackedButter (646746) | more than 2 years ago | (#39622309)

I'm just telling everybody on Instagram now that I'm dumping it.

So, have Yahoo's lawyers filed a lawsuit yet? (0)

Anonymous Coward | more than 2 years ago | (#39622223)

Waving a billion dollars at IP lawyers is like waving a red cape at a bull, methinks.

I don't get it (0)

Anonymous Coward | more than 2 years ago | (#39622857)

What is the advantage of Instagram? It seems a little bit like Lightbox, but with lower-quality pictures.

LOL @ Gowalla people that went to InstaGram (1)

Heretic2 (117767) | more than 2 years ago | (#39623095)

OK, so, I know some people that were at Gowalla when Facebook acquired them. Some of them bounced to InstaGram. Well, gratz to them, their option values just went through the roof, but now they're back with golden handcuffs to stay at Facebook where they didn't want to be in the first place.

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