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Thread: Facebook buys Instagram for $1 Billion

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    Facebook buys Instagram for $1 Billion

    Facebook buys Instagram for US$1-billion | FP Tech Desk | Financial Post

    My opinion is that this program just offers a handful of image filters to make it more "film-like". I just don't see the sense of the $1 Billion valuation for a company founded in 2010 with one hit wonder, but maybe I'm missing something.

    What do you think?
    Scott

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    Administrator, Instructor Guy Mancuso's Avatar
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    Re: Facebook buys Instagram for $1 Billion

    I'm in the wrong freaking business is what i am thinking. LOL
    Photography is all about experimentation and without it you will never learn art.

    www.guymancusophotography.com

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    Re: Facebook buys Instagram for $1 Billion

    Quote Originally Posted by SYGTAFOTO View Post
    Facebook buys Instagram for US$1-billion | FP Tech Desk | Financial Post

    My opinion is that this program just offers a handful of image filters to make it more "film-like". I just don't see the sense of the $1 Billion valuation for a company founded in 2010 with one hit wonder, but maybe I'm missing something.

    What do you think?
    We've been talking about this at my office this AM (I'm at a tech startup). Yes, it is one hit and price is enormous. They do have 20mm users in that one year. This is a good writeup on the deal....

    Kevin Systrom: Having His Cake and Eating It Too? | PandoDaily

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    Re: Facebook buys Instagram for $1 Billion

    I've seen it suggested that Facebook is spending the money to buy access to the 20/30 million Instagram users, not particularly the application itself.

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