[madnish30]

So, all the mobile photographers on iOS and now android i'm sure are already aware of Instagram the editing and sharing app - well now facebook has bought it for a whopping 1 billion USD.

Source - Install or Not | News: Facebook acquires photo-sharing app Instagram for $1 billion

[akshayasok]

The biggest social network buys another one . Dont really think 25 million members and their pics were worth 1 Billion. Hopefully it will stay independent

[madnish30]

Originally Posted by akshayasok

The biggest social network buys another one . Dont really think 25 million members and their pics were worth 1 Billion. Hopefully it will stay independent

Overpriced, but he waited to see the response on Android, which was as expected great and baym the sale !

[akshayasok]

Originally Posted by madnish30

Overpriced, but he waited to see the response on Android, which was as expected great and baym the sale !

True but the snobbish community who own iPhones had a public outcry on twitter about Android joining the club lol

[madnish30]

Originally Posted by akshayasok

True but the snobbish community who own iPhones had a public outcry on twitter about Android joining the club lol

I kind of do agree, dilutes the quality of pics as android devices vary from as less as $100 to as high as $800 with sensors as crappy as VGA to as good as 16/18mpx.

But then whoever thinks instagaram is anything but good timepass i.e. photography tool or makes one a photographer is fooling nobody but themselves

[akshayasok]

Originally Posted by madnish30

I kind of do agree, dilutes the quality of pics as android devices vary from as less as $100 to as high as $800 with sensors as crappy as VGA to as good as 16/18mpx.

But then whoever thinks instagaram is anything but good timepass i.e. photography tool or makes one a photographer is fooling nobody but themselves

+1, Instagram is not a photo application, its just a social network with emphasis on picture sharing(Facebook was like that for me, in the beginning). Will definitely help with Facebook's IPO later in the year though!

[jkdas]

Interesting buy. Instagram has just 13 employees!
Rumors are that it would be Four Square next.

[Durango Dude]

For those at Instagram life has received an "overhaul". Imagine what you could do with a billion dollars. Now there is also Pinterest.

[guha_2001]

Originally Posted by akshayasok

+1, Instagram is not a photo application, its just a social network with emphasis on picture sharing(Facebook was like that for me, in the beginning). Will definitely help with Facebook's IPO later in the year though!

+1. Quite a few think that Instagram is 'art'. It is just a timepass tool for casual use. Guess FB got spooked by the meteoric rise and bought it before it emerged as a real threat

By the way Instagram had only 12 employees at the time of acquisition. That makes the valuation per employee about $ 80 mn. Signs of another dot com bubble?

[akshayasok]

Originally Posted by guha_2001

+1. Quite a few think that Instagram is 'art'. It is just a timepass tool for casual use. Guess FB got spooked by the meteoric rise and bought it before it emerged as a real threat

By the way Instagram had only 12 employees at the time of acquisition. That makes the valuation per employee about $ 80 mn. Signs of another dot com bubble?

Dot come bubble is so 2001, its the Social Networking bubble now . There is literally a new social network every week, either online or iPhone/Android exclusives (like Path). But I think the bubble will burst soon and how well the FB IPO goes on May 12 would be a good indicator for sustainability of social networks. Then again, Facebook has got nearly 1 billion people's information to play around with unlike most of its competitors.