New Technology News: Facebook buys Instagram - 2 views

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  #1 Kristy Houston on 10 Apr 12

   

  Among the 30 million users of the popular mobile app Instagram, most were unaware that it was started by only 10 people. But not until the latest new technology news was published that detailed about the social network giant, Facebook, and its acquisition of Instagram.
  
  The mobile application was just founded in 2011 and offered features just like any photo app; photo editing from Polaroid effects, glitters here and there, and a lot more. The era of smart phones has just started, and it is inevitable that applications like Instagram will be more popular. But no one definitely ever expected Instagram to be this popular, and with a few good reasons.
  
  New Technology News
  : $1 billion for Instagram
  
  The application offered easy photo sharing. With that, snap shots of almost every thing can be easily shared to your friends through portals like social media and networking sites. And because most of us have weird cravings for anything vintage, the filters that are available in Instagram were an instant hit to users.
  
  Everyone enjoyed it using their mobile phones, and the snap shots of the photos were debatably comparable to a DSLR camera. Apple, the manufacturer of popular mobile devices, has benefited of the services from Instagram and named it the iPhone App of the Year back in 2011.
  
  Before even reaching two years after it was introduced, the application has gathered an estimated 30 million user in their database. Facebook was willing and has paid $1 billion to purchase the application. But even with that crazy investment for a simple photo application, the social network titan have already projected and prepared a stock value that could put a price tag on the app with as much as $100 billion. What's a billion dollars compared to that?
  
  Facebook founder and CEO, Mark Zuckerberg, released a statement on his Timeline saying that the acquisition is a milestone for the company and its future. Well, with that big of an amount it really is. But whatever plans that Facebook has for Instagram could be more than what they made us to expect. Make or break, either way, Facebook has invested a lot for this application, and for sure, they will use it to acquire more users. Or more money.

   

  <div class="cArrow"> </div><div class="cContentInner">Among the 30 million users of the popular mobile app Instagram, most were unaware that it was started by only 10 people. But not until the latest new technology news was published that detailed about the social network giant, Facebook, and its acquisition of Instagram. <br /> <br /> The mobile application was just founded in 2011 and offered features just like any photo app; photo editing from Polaroid effects, glitters here and there, and a lot more. The era of smart phones has just started, and it is inevitable that applications like Instagram will be more popular. But no one definitely ever expected Instagram to be this popular, and with a few good reasons. <br /> <br /> <a href="http://rapidtechreview.com/" rel="nofollow">New Technology News</a> <br /> : $1 billion for Instagram <br /> <br /> The application offered easy photo sharing. With that, snap shots of almost every thing can be easily shared to your friends through portals like social media and networking sites. And because most of us have weird cravings for anything vintage, the filters that are available in Instagram were an instant hit to users. <br /> <br /> Everyone enjoyed it using their mobile phones, and the snap shots of the photos were debatably comparable to a DSLR camera. Apple, the manufacturer of popular mobile devices, has benefited of the services from Instagram and named it the iPhone App of the Year back in 2011. <br /> <br /> Before even reaching two years after it was introduced, the application has gathered an estimated 30 million user in their database. Facebook was willing and has paid $1 billion to purchase the application. But even with that crazy investment for a simple photo application, the social network titan have already projected and prepared a stock value that could put a price tag on the app with as much as $100 billion. What's a billion dollars compared to that? <br /> <br /> Facebook founder and CEO, Mark Zuckerberg, released a statement on his Timeline saying that the acquisition is a milestone for the company and its future. Well, with that big of an amount it really is. But whatever plans that Facebook has for Instagram could be more than what they made us to expect. Make or break, either way, Facebook has invested a lot for this application, and for sure, they will use it to acquire more users. Or more money.</div>

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