When Did Facebook Buy Instagram 2019

Facebook just bought Instagram for $1 billion in cash money and stock.

When Did Facebook Buy Instagram



Facebook Buy Instagram


Instagram is a mobile-only photo-sharing app. It grew from 1 million customers in January 2011 to 15 million in December 2011. It has 30 million customers now.

What's fantastic regarding it is that it is very fast - especially compared to Facebook.

With the Facebook iPhone application, there are 6 screens an individual has to go with prior to a customer can really take a picture. With Instagram, there is one.

In February, we described Instagram as the greatest threat to Facebook.

Mark Zuckerberg just announced the news on Facebook:

I'm delighted to share the news that we have actually accepted get Instagram and that their skilled group will certainly be signing up with Facebook.

For several years, we've concentrated on developing the best experience for sharing photos with your friends and family. Now, we'll be able to work a lot more closely with the Instagram team to additionally provide the best experiences for sharing lovely mobile photos with individuals based on your rate of interests.

Our company believe these are different experiences that complement each other. However in order to do this well, we need to be mindful concerning keeping and also building on Instagram's strengths and attributes instead of simply attempting to incorporate every little thing right into Facebook.

That's why we're dedicated to building and also expanding Instagram independently. Millions of people around the world enjoy the Instagram app and the brand name related to it, and our goal is to aid spread this application as well as brand to a lot more individuals.

We believe the truth that Instagram is connected to other solutions past Facebook is a vital part of the experience. We plan on maintaining functions like the capability to upload to various other socials media, the ability to not share your Instagrams on Facebook if you want, and also the ability to have fans and adhere to individuals independently from your close friends on Facebook.

These as well as lots of various other features are very important parts of the Instagram experience and we understand that. We will certainly try to gain from Instagram's experience to build similar attributes into our various other products. At the same time, we will certainly try to aid Instagram remain to grow by utilizing Facebook's strong design group and infrastructure.

This is a crucial milestone for Facebook because it's the first time we've ever acquired a product and business with many users. We don't plan on doing many more of these, if any kind of at all. However supplying the very best picture sharing experience is one reason that numerous individuals like Facebook as well as we knew it would certainly deserve bringing these two business with each other.

We're expecting dealing with the Instagram team and to all of the great new experiences we're mosting likely to be able to construct together.