So for those of you who don't know, Instagram is a very popular picture sharing website. You take a picture with the program, it allows you to add some fancy looking filter to the picture to make it look different and then you can upload it. It's all very nice and easy, but if you ask me, it's really nothing special. However Instagram has millions of users so I must be missing something.
Just earlier this month they released their App in the Android Market. This upset a lot of the users since this used to be an iPhone only club before. I'm not sure how having Android users using the application is a reason for concern.
Anyway, this week it was announced that Facebook decided to buy this company and pay 1 BILLION dollars for it. Yes BILLION, with a B. This company started in 2010! It has 13 employees and it doesn't make money. Yet Facebook decided to buy it and pay 1B for it.
So what exactly is facebook getting out of it? Well, honestly, Not sure. I guess one thing is they get to still have a bunch of user information to sell. They were losing a lot of users to instagram since a lot of people just use facebook for picture sharing anyway. Maybe there is some technology there that they want to use to make the mobile facebook apps better as far as picture sharing?
Facebook did say they plan to leave instagram as a separate thing and not force it to integrate with facebook, so we shall see what happens. Currently however a lot of the instagram users feel that they use instagram because they want to get away from facebook, so a lot of them are deleting their accounts. It'll be interesting to see what happens :)