When Did Facebook Buy Instagram 2019

Facebook simply purchased Instagram for $1 billion in cash money as well as stock.

When Did Facebook Buy Instagram



Facebook Buy Instagram


Instagram is a mobile-only photo-sharing application. It grew from 1 million individuals in January 2011 to 15 million in December 2011. It has 30 million customers currently.

What's great concerning it is that it is extremely fast - specifically compared to Facebook.

With the Facebook apple iphone application, there are 6 displays a customer needs to go via prior to a user can actually take a picture. With Instagram, there is one.

In February, we defined Instagram as the most significant threat to Facebook.

Mark Zuckerberg simply introduced the news on Facebook:

I'm excited to share the information that we have actually accepted acquire Instagram and that their gifted group will be joining Facebook.

For several years, we have actually focused on building the very best experience for sharing photos with your friends and family. Currently, we'll be able to function even more closely with the Instagram group to additionally supply the very best experiences for sharing gorgeous mobile pictures with people based on your interests.

We believe these are various experiences that complement each other. But in order to do this well, we require to be conscious about maintaining and also building on Instagram's staminas and features rather than just attempting to integrate every little thing right into Facebook.

That's why we're dedicated to building and growing Instagram individually. Countless individuals around the globe enjoy the Instagram application and the brand related to it, and also our goal is to aid spread this application and also brand to a lot more individuals.

We believe the fact that Instagram is linked to various other solutions past Facebook is an important part of the experience. We plan on maintaining features like the ability to publish to various other social networks, the capability to not share your Instagrams on Facebook if you desire, and also the capacity to have followers and comply with people separately from your good friends on Facebook.

These and numerous various other attributes are very important parts of the Instagram experience and also we recognize that. We will attempt to learn from Instagram's experience to build similar functions into our various other items. At the same time, we will certainly try to aid Instagram remain to grow by utilizing Facebook's solid design team and infrastructure.

This is an essential milestone for Facebook since it's the first time we've ever gotten a product and business with a lot of individuals. We don't intend on doing many more of these, if any in any way. Yet giving the best photo sharing experience is one reason that a lot of people enjoy Facebook and we knew it would deserve bringing these 2 business together.

We're anticipating working with the Instagram group and also to all of the wonderful new experiences we're going to be able to build with each other.