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A better integration will stimulate more sharing through Instagram. But a 1 billion for 30 million users that pay nothing for the service? Sounds crazy but consider this: Instagram is getting bought for 33 per user. Facebook is supposedly trading with a market cap of.
Instagram rocketed to 30 million iOS users in 18 months and was named iPhone app of the year in 2011. It is one of the best apps for taking and sharing photos from the iPhone. Its square images and assorted image filters let anyone make.
Instagram closed a Series B funding round last week led by led by Sequoia Capital, Thrive, Benchmark and Greylock at a reported 500 million valuation. Quick paydirt for them. The fact that Facebook would pay 2x what the company was supposedly worth within a week's.
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It's like what Google did with. One problem this will solve for Instagram's 30-something million users is that sharing an Instagram photo on Facebook from your phone pretty much sucks right now. Here comes the much needed integration: bigger photos, more detailed info about.
Instagram (Photo credit: Wikipedia) Facebook is buying Instagram, according to this post today from Mark Zuckerberg. The purchase price of 1 billion will be paid in cash and Facebook shares. From the blog post: This is an important milestone for Facebook because it's the first.
Instagram doesn't make any money. Nor did it say it was focusing on revenue. It is still chasing big users. Kevin Systrom, Instagram's CEO, wrote this to calm down his users in response to the deal. An excerpt: Its important to be clear that Instagram.
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