Linked by Thom Holwerda on Mon 9th Apr 2012 18:09 UTC
Internet & Networking I hate when I have to report on stuff I just don't care about. However, it's big news, because for some reason I'm not particularly privy to, this photosharing service is more popular than god. Yes, Facebook has acquired Instagram. Update: "At the end of the day, that's what Instagram filters are: a crutch, a misguided replacement for a properly composed shot and a decent sensor."
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RE: Comment by vivainio
by Soulbender on Wed 11th Apr 2012 05:32 UTC in reply to "Comment by vivainio"
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For something facebook could code themselves for, say, 200k.

Sure, it's not like it's hard to do but that's not the point.
Facebook could spend 200K (or less) on creating something similar themselves and then try to build a user-base over X number of years, costing them Y number of dollars..
Or they can purchase the company outright and be done with it. Not saying that the company is worth 1 billion (it probably isn't) but that's the train of thought here.

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