Picture app Instagram has been snapped up by Facebook in a $1bn deal. I really like the app – I like it because it is social and because it enables you to easily take great shots. The filters allow you to manipulate the image quickly and easily before publishing and sharing.
There’s a huge buzz around the deal. The story seems to fall into the following chapters (so far):
- Huge price for the app – further evidence of tech bubble
- User concerns (some say backlash) at what Facebook will do to the app
- Success story of the Instagram founders, who are now the darlings of Silicon Valley
Here are some links – Google ‘Instagram’ and you’ll see the scale of the buzz around the story:
Here is The Guardian story outlining the deal. Instagram has been downloaded more than 30 million times: Facebook announces $1bn purchase of mobile photo network Instagram.
NDTV Gadgets does what it says on the tin . . . 5 big facts about Instagram.
Sky says Instagram fans want users to uninstall to show their disgust at Facebook buying it . . . Facebook-Instagram Deal Sparks Backlash.
And there’s this too . . . Instagram users jump ship en masse amid Facebook acquisition.
The Next Web takes a look at Instagram‘s CEO Kevin Systrom . . . Instagram’s founder had no programming training. He’s a marketer who learned to code by night.
Yesterday – Easter Monday – was also a big day for deals. Mercury News reminds us that until the Instagram deal was announced, Microsoft was holding all the tech headlines with its $1bn purchase of AOL patents . . . Facebook buys Instagram, and Microsoft buys AOL patents in Merger Monday megadeals.
And finally, if the news is too much and you want to delete your Instagram account, then read this . . . Deleting Your Instagram Account? Here’s How to Save Your Pics.