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 ssokolow on Mon 9th Apr 2012 18:52 UTC in reply to "Comment by vivainio"
ssokolow
Member since:
2010-01-21

6 employees, 1 billion usd.

For something facebook could code themselves for, say, 200k.

There is some loose money floating around usa right now.


They're paying for the brand and existing userbase. It's often cheaper to buy those than build them in a market space that's already occupied.

Reply Parent Score: 6

RE[2]: Comment by vivainio
by vivainio on Mon 9th Apr 2012 18:55 in reply to "RE: Comment by vivainio"
vivainio Member since:
2008-12-26

"6 employees, 1 billion usd.

For something facebook could code themselves for, say, 200k.

There is some loose money floating around usa right now.


They're paying for the brand and existing userbase. It's often cheaper to buy those than build them in a market space that's already occupied.
"

Facebook already got every user on the planet.

Also, to quote someone, do you know how much money 1bn is? ;)

Reply Parent Score: 4

RE[3]: Comment by vivainio
by Sodki on Mon 9th Apr 2012 19:21 in reply to "RE[2]: Comment by vivainio"
Sodki Member since:
2005-11-10

Facebook already got every user on the planet.


Fortunately, no.


Also, to quote someone, do you know how much money 1bn is? ;)


They're buying the brand and the product that already exists, without having to invest in the unknown. I may be worth that kind of money for them.

Reply Parent Score: 3

RE[3]: Comment by vivainio
by shotsman on Mon 9th Apr 2012 19:55 in reply to "RE[2]: Comment by vivainio"
shotsman Member since:
2005-07-22

You sir/madam are patently talking out of your backside.

I will never ever have a Facebook, Twitter or an account on any other similar site.

My 90yr old mother isn't signed up either. There again, she feels she has no need for using the internet beyond email and searching on her iPad.

So no, they don't have everyone.

Reply Parent Score: 0

RE[2]: Comment by vivainio
by WorknMan on Mon 9th Apr 2012 21:32 in reply to "RE: Comment by vivainio"
WorknMan Member since:
2005-11-13

They're paying for the brand and existing userbase. It's often cheaper to buy those than build them in a market space that's already occupied.


This is true. Some people think Instagram is just about the filters, but they have their own Facebook-like social network with hundreds of thousands of users, which caters to photo enthusiasts.

Or at least, that's what I'm told.

Reply Parent Score: 2