Facebook Aquired Instagram in 1 Billion USD
Just after launching for android Phones 6days ago, facebook bought instagram: Mobile Photo sharing APP for 1 billion. For those who don't know what is instagram, It is app which helps you in sharing Photos. This awesome app was available just for IOS but was lauched for Android in last week.
Reasons why facebook Bought Instagram
/>Facebook most attractive feature includes, enhanced Photo sharing. Instagram has already engaged 30 million registered users which was a threat for facebook. To make sure that it doesn't affect facebook's current position , they bought instagram.Mark Zukerberg said that it is an important milestone for Facebook because it’s the first time facebook team 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.
Surprisingly, the company was valued to be just 500 million USD & finally bought by facebook in 1 billion USD which is quite surprising.
Facebook Aquired Instagram in 1 Billion USD
Just after launching for android Phones 6days ago, facebook bought instagram: Mobile Photo sharing APP for 1 billion. For those who don't know what is instagram, It is app which helps you in sharing Photos. This awesome app was available just for IOS but was lauched for Android in last week.
Reasons why facebook Bought Instagram
/>Facebook most attractive feature includes, enhanced Photo sharing. Instagram has already engaged 30 million registered users which was a threat for facebook. To make sure that it doesn't affect facebook's current position , they bought instagram.Mark Zukerberg said that it is an important milestone for Facebook because it’s the first time facebook team 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.
Surprisingly, the company was valued to be just 500 million USD & finally bought by facebook in 1 billion USD which is quite surprising.