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Facebook to Buy Instagram for $1 Billion

Whoa, Facebook just bought Instagram for $1 billion. According to a press release, they plan to keep Instagram as an independent company and work to add some of its strengths into other Facebook products. Mark Zuckerberg has stated that they won’t force you to share things with or follow all of your Facebook friends and that they will continue to allow the app to connect with other social networks. Then again, don’t companies always say this stuff when they acquire another? 

Mark Zuckerberg had this to say:

I’m excited to share the news that we’ve agreed to acquire Instagram and that their talented team will be joining Facebook.

For years, we’ve focused on building the best experience for sharing photos with your friends and family. Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.

We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on Instagram’s strengths and features rather than just trying to integrate everything into Facebook.

That’s why we’re committed to building and growing Instagram independently. Millions of people around the world love the Instagram app and the brand associated with it, and our goal is to help spread this app and brand to even more people.

We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience. We plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook.

These and many other features are important parts of the Instagram experience and we understand that. We will try to learn from Instagram’s experience to build similar features into our other products. At the same time, we will try to help Instagram continue to grow by using Facebook’s strong engineering team and infrastructure.

This is an important milestone for Facebook because it’s the first time we’ve ever acquired a product and company with so many users. We don’t plan on doing many more of these, if any at all. But 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.

We’re looking forward to working with the Instagram team and to all of the great new experiences we’re going to be able to build together.

Let me say it again, $1 billion for a camera filtering social app.

Via:  Facebook

  • Dshel61

    What’s Instagram?

  • xiaoxiao115
  • KRS_Won

    Maybe the Instagram team will design a new fb app, that would be worth it.

  • http://www.facebook.com/lucasjmayo Lucas Mayo

    I would rather have pool party back

  • Speio

    I understand the angst, but I’m just sad…A sad day for an app that many loved, as it goes to a company many loathe.

  • MKader17

    I keep reading the title over and over but all I see is, “Facebook ensures MKader17 will never install Instagram”….

  • Jgg7642

    You all sound like iphone users bitching about instagram for android. Just this time it’s facebook.

  • Radgatt

    Damn, I guess people hate Facebook that much…Would it be different if Twitter bought Instagram??

  • OhAaron

    If you use the Facebook app, it’s completely obvious as to how FB could screw this up.  They can’t code to save their lives.

  • jake creed

    guess i will go back to streamzoo…  fb lies, pretty soon u will be required to log in with fb to use this and all privacy will be gone. Not every single thing needs to be on fb.

  • http://twitter.com/spdivr1122 Stephen

    mark zuckerberg, go away.

  • http://twitter.com/flyintweet Wayne Randall

    whatever goodness instagram could have possibly possessed has been thrown out the window, run over by a truck, pissed on by three dogs, and now lines a vagrant’s shoes.