Facebook acquires Instagram for $1 Billion

The Biggest news today, Facebook acquires Instagram for $1 Billion Dollars!

Instagram is probably one of the most popular photo sharing app, since its debut last 2012 on iOS platform it has garnered almost 27 million users and just last week they have launched it to android platform and only within 24 hours it has almost 3 million users on Android.

Just today (Monday) Mark Zuckerburg announced it on his Facebook timeline that they will acquire Instagram.

“We need to be mindful about keeping and building on Instagram’s strengths and features rather than just trying to integrate everything into Facebook,”

“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,”

Zuckerberg said.

Instagram CEO Kevin Systrom also announced it on Instagrams Blog.

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

Every day that passes, we see more experiences being shared through Instagram in ways that 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’ll be working with Facebook to evolve Instagram and build the network. We’ll continue to add new features to the product and find new ways to create a better mobile photos experience.

The Instagram app will still be the same one you know and love. You’ll still have all the same people you follow and that follow you.You’ll still be able to 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.

Best,
Kevin

CEO, Instagram

My personal opinion about Facebook buying Instagram, I hope Facebook will really make the photo sharing experience even better, hope they won't change anything that will pissed off the current Instagram users and maybe we would expect that Instagram won't just be availble to smartphone users, I guess it will be also available on the web.

What are your reactions and opinions on Facebook acquiring Instagram for $1 Billion. Comment down below.