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Facebook to Buy Instagram for $1BN - Breaking

Details to follow http://www.bloomberg.com/news/2012-04-0...
Spruce travel guidebook
  04/09/12
Instagram has only 13 employees
misanthropic marketing idea cruise ship
  04/09/12
ur rly good at this. have u considered bcumming a business j...
laughsome fat ankles station
  04/09/12
lol @ putting "Breaking" in titles, especially on ...
up-to-no-good rigpig
  04/09/12
well,the news is breaking atm --it is not widely available y...
Spruce travel guidebook
  04/09/12
except on techcrunch and techmeme
chartreuse temple pervert
  04/09/12
yep, posted in the last 10-15 mins.
Spruce travel guidebook
  04/09/12
fuck you faggot
Racy Shitlib
  04/09/12
LOLLLLLL @ $1 BILLION CASH FOR A FUCKING IPHONE APP LOLLL...
up-to-no-good rigpig
  04/09/12
LOLLLLLL @ $1 BILLION CASH FOR A FUCKING IPHONE APP LOLLL...
Jet Telephone Mediation
  04/10/12
...
ohnoes
  11/06/26
Makes me glad I don't have shit to do with Instagram. Not...
frum milky center chad
  04/09/12
gotta defend dat valuation pre-IPO
Spruce travel guidebook
  04/09/12
true, i s'pose
frum milky center chad
  04/09/12
...
chartreuse temple pervert
  04/09/12
i dont know if shit like this is good or bad for the tech in...
chartreuse temple pervert
  04/09/12
yes
Hilarious Mad Cow Disease
  04/09/12
aren't they raising only like $5B or so from the IPO? 20%...
up-to-no-good rigpig
  04/09/12
prob not an all-cash purchase. plus facebook is already sitt...
trip state tattoo
  04/09/12
Does Instagram generate revenue? Or is there some new bus...
underhanded idiot field
  04/09/12
i dont think they generate any appreciable amount of revenue...
chartreuse temple pervert
  04/09/12
this has been happening for years over there it's like th...
up-to-no-good rigpig
  04/09/12
Yeah, Google has really struggled to monetize its traffic, s...
rambunctious orchestra pit
  04/09/12
I think it's a defensive acquisition -- Facebook wants to pr...
Spruce travel guidebook
  04/09/12
It would make sense then if Instagram only permitted photo s...
underhanded idiot field
  04/09/12
Facebook will still be ale to claim the traffic originated o...
Spruce travel guidebook
  04/09/12
they came up with a 1 billion valuation because their compet...
chartreuse temple pervert
  04/09/12
it's (secondarily, of course) also a market-signaling device...
Spruce travel guidebook
  04/09/12
We're back to 2000 level lunacy.
turquoise ungodly gunner
  04/09/12
...
demanding hospital wagecucks
  04/09/12
It reminds me of when Google bought Youtube for $1.65 billio...
underhanded idiot field
  04/09/12
i bet they wish they had held out, it would be worth at leas...
chartreuse temple pervert
  04/09/12
cr. It is profitable now and gives google a play in the futu...
Jade Nursing Home
  04/10/12
tech people consider that a coup for google, at least on quo...
trip state tattoo
  04/09/12
depends on how the Viacom lolsuit turns out, no?
frum milky center chad
  04/09/12
it's difficult to analyze these deals because it's so challe...
Spruce travel guidebook
  04/09/12
Obvious synergy with google image search linking products in...
lurid anal narrative
  04/09/12
Do you remember the details for people's concerns? I can se...
Exciting stock car
  04/09/12
...
ohnoes
  11/06/26
on a side note, remember turntable.fm? lol, that shit lasted...
chartreuse temple pervert
  04/09/12
http://www.quickmeme.com/meme/3opla2/
mustard home twinkling uncleanness
  04/09/12
Hipsters have officially ruined the internet
underhanded idiot field
  04/09/12
wtf is the point of instagram? camera+ seems much better to ...
white area pisswyrm
  04/09/12
really, theres not much of one anymore. it just got such a h...
chartreuse temple pervert
  04/09/12
it's my understanding that instagram crops the image into a ...
mustard home twinkling uncleanness
  04/09/12
it's amazing how out ttt culture accepts shitty photo qualit...
white area pisswyrm
  04/09/12
Wow thanks for the story. Your degree from Tbird is really s...
Aphrodisiac crackhouse
  04/09/12
These guys are drowning in pussy. You: Basement. Kevin Sy...
cheese-eating toaster
  04/09/12
LOL @ xoxo wage slaves
Big-titted Piazza
  04/09/12
...
Dun kitchen
  04/09/12
LOL. not since rupert murdoch bought myspace has there been ...
Racy Shitlib
  04/09/12
This is silliness, but a reckoning will come. Meanwhile, B2...
puce university
  04/09/12
Of the tens of thousands of businesses that grew out of the ...
underhanded idiot field
  04/09/12
blatant anti-angry birds flame.
trip state tattoo
  04/09/12
...
ohnoes
  11/06/26
I feel great, being one of the few people with an iPhone who...
Hilarious Mad Cow Disease
  04/09/12
Nah, if there are only 27 million Instagram users and 200+ m...
underhanded idiot field
  04/09/12
I should clarify. I'm a (semi-)hipster but I've never used i...
Hilarious Mad Cow Disease
  04/09/12
Lol @ shit lawyers
snowy multi-colored stag film useless brakes
  04/09/12
...
Big-titted Piazza
  04/09/12


Poast new message in this thread



Reply

Date: April 9th, 2012 1:14 PM
Author: Spruce travel guidebook

Details to follow

http://www.bloomberg.com/news/2012-04-09/facebook-agrees-to-buy-instagram-photo-service-for-1-billion.html

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424518)



Reply

Date: April 9th, 2012 3:30 PM
Author: misanthropic marketing idea cruise ship

Instagram has only 13 employees

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20425266)



Reply

Date: April 9th, 2012 1:15 PM
Author: laughsome fat ankles station

ur rly good at this. have u considered bcumming a business journalist?

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424521)



Reply

Date: April 9th, 2012 1:16 PM
Author: up-to-no-good rigpig

lol @ putting "Breaking" in titles, especially on an xo post

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424523)



Reply

Date: April 9th, 2012 1:19 PM
Author: Spruce travel guidebook

well,the news is breaking atm --it is not widely available yet or known,and details have yet to be disseminated

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424533)



Reply

Date: April 9th, 2012 1:21 PM
Author: chartreuse temple pervert

except on techcrunch and techmeme

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424542)



Reply

Date: April 9th, 2012 1:22 PM
Author: Spruce travel guidebook

yep, posted in the last 10-15 mins.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424548)



Reply

Date: April 9th, 2012 2:52 PM
Author: Racy Shitlib

fuck you faggot

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20425089)



Reply

Date: April 9th, 2012 1:16 PM
Author: up-to-no-good rigpig

LOLLLLLL @ $1 BILLION CASH FOR A FUCKING IPHONE APP

LOLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL AMERICA!!

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424525)



Reply

Date: April 10th, 2012 1:12 PM
Author: Jet Telephone Mediation

LOLLLLLL @ $1 BILLION CASH FOR A FUCKING IPHONE APP

LOLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL AMERICA!!

very CR.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20431846)



Reply

Date: November 6th, 2026 7:07 PM
Author: ohnoes (🧐)



(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#50239191)



Reply

Date: April 9th, 2012 1:18 PM
Author: frum milky center chad

Makes me glad I don't have shit to do with Instagram.

Not against Facebook per se. But I just resent how FB and Google just gobble up the decent sites.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424528)



Reply

Date: April 9th, 2012 1:19 PM
Author: Spruce travel guidebook

gotta defend dat valuation pre-IPO

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424534)



Reply

Date: April 9th, 2012 1:36 PM
Author: frum milky center chad

true, i s'pose

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424589)



Reply

Date: April 9th, 2012 1:18 PM
Author: chartreuse temple pervert



(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424529)



Reply

Date: April 9th, 2012 1:25 PM
Author: chartreuse temple pervert

i dont know if shit like this is good or bad for the tech industry. at some point won't we get so many pointless startups with shit revenue it detracts from actual cool business ideas?

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424555)



Reply

Date: April 9th, 2012 2:56 PM
Author: Hilarious Mad Cow Disease

yes

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20425108)



Reply

Date: April 9th, 2012 1:28 PM
Author: up-to-no-good rigpig

aren't they raising only like $5B or so from the IPO?

20% of the IPO capital towards a stupid iphone app? really?

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424560)



Reply

Date: April 9th, 2012 1:32 PM
Author: trip state tattoo

prob not an all-cash purchase. plus facebook is already sitting on like 4bn in cash pre-ipo.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424574)



Reply

Date: April 9th, 2012 1:32 PM
Author: underhanded idiot field

Does Instagram generate revenue?

Or is there some new business model in amassing X million users and selling quickly to either Google, Apple, or Facebook?

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424572)



Reply

Date: April 9th, 2012 1:33 PM
Author: chartreuse temple pervert

i dont think they generate any appreciable amount of revenue

my guess is its entirely about facebook getting people to stay on facebook instead of use other social network-type services

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424580)



Reply

Date: April 9th, 2012 1:34 PM
Author: up-to-no-good rigpig

this has been happening for years over there

it's like the housing bubble -- all built on one big flawed assumption. in that case, assumption was that housing would keep rising in value. in this case, assumption is that *someone* will figure out how to monetize all this stuff. they wont.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424582)



Reply

Date: April 9th, 2012 1:51 PM
Author: rambunctious orchestra pit

Yeah, Google has really struggled to monetize its traffic, so I guess it's logical to assume that there is no such thing as an internet business.

Not saying Facebook will work in the long run, but there's a clear precedent for

1. Get traffic.

2. Sell ads.

3. Profit.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424675)



Reply

Date: April 9th, 2012 1:40 PM
Author: Spruce travel guidebook

I think it's a defensive acquisition -- Facebook wants to pre-empt a migration toward the likes of Instagram in the realm of social photo sharing, and it wants to acquire technologies it can expan/develop upon. I suppose it also wants to show investors it has a constructive (even potentialy accretive) use for the IPO dough.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424619)



Reply

Date: April 9th, 2012 1:44 PM
Author: underhanded idiot field

It would make sense then if Instagram only permitted photo sharing on the Facebook sphere. But according to the news report, Instagram is still going to have full G+, Twitter, Flikr, etc. integration

But again, I don't understand how they come up with a $1 billion valuation for a company with no revenue. That's $34 for each user on Instagram right now.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424639)



Reply

Date: April 9th, 2012 1:47 PM
Author: Spruce travel guidebook

Facebook will still be ale to claim the traffic originated on its site for eCPM & traffic aggregation purposes. It will also defensively own any related patents/technologies and pre-empt any loss of social dominance, if only on picture sharing

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424652)



Reply

Date: April 9th, 2012 1:48 PM
Author: chartreuse temple pervert

they came up with a 1 billion valuation because their competition is google and they needed to shell out a shitload of money

also, I'd expect to see instagram features which integrate more tightly with facebook than other services in the future, as well as direct tie-ins to facebook photo albums

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424653)



Reply

Date: April 9th, 2012 1:49 PM
Author: Spruce travel guidebook

it's (secondarily, of course) also a market-signaling device --i.e.-- we understand this to be worth a lot of money, and you should, too -- in the future, you should value social photo sharing highly and give us rich click-through values and eCPMs. they wanted to capture the "value" in a way their own social pic sharing hadn't yet.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424666)



Reply

Date: April 9th, 2012 1:33 PM
Author: turquoise ungodly gunner

We're back to 2000 level lunacy.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424578)



Reply

Date: April 9th, 2012 1:33 PM
Author: demanding hospital wagecucks



(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424581)



Reply

Date: April 9th, 2012 1:39 PM
Author: underhanded idiot field

It reminds me of when Google bought Youtube for $1.65 billion and everyone was like WTF

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424612)



Reply

Date: April 9th, 2012 1:42 PM
Author: chartreuse temple pervert

i bet they wish they had held out, it would be worth at least ten times that today

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424629)



Reply

Date: April 10th, 2012 1:17 PM
Author: Jade Nursing Home

cr. It is profitable now and gives google a play in the future of television. But at the time, I remember wtf was the common reaction.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20431890)



Reply

Date: April 9th, 2012 1:44 PM
Author: trip state tattoo

tech people consider that a coup for google, at least on quora.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424637)



Reply

Date: April 9th, 2012 2:00 PM
Author: frum milky center chad

depends on how the Viacom lolsuit turns out, no?

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424733)



Reply

Date: April 9th, 2012 1:46 PM
Author: Spruce travel guidebook

it's difficult to analyze these deals because it's so challenging to predict social/internet trends and usage preferences. nonetheless, youtube was a bit more groundbreaking and unique at the time of its purchase than instagram is today - but perhaps Zuckerberg knows something about the picture/socialsharing business we don't

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424646)



Reply

Date: April 9th, 2012 2:59 PM
Author: lurid anal narrative

Obvious synergy with google image search linking products in your photos. lisa rowe now bombarded by banner ads for 9-prong vinyl "jackhammer" style vibrators and premium cat food

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20425115)



Reply

Date: April 9th, 2012 3:20 PM
Author: Exciting stock car

Do you remember the details for people's concerns?

I can see concerns about keeping others from doing the same thing, but the main concern seems like it would have been copyright bitchslapping.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20425219)



Reply

Date: November 6th, 2026 7:08 PM
Author: ohnoes (🧐)



(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#50239193)



Reply

Date: April 9th, 2012 1:45 PM
Author: chartreuse temple pervert

on a side note, remember turntable.fm? lol, that shit lasted like two months. they should've sold out while they had the brief chance

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424641)



Reply

Date: April 9th, 2012 1:53 PM
Author: mustard home twinkling uncleanness

http://www.quickmeme.com/meme/3opla2/

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424690)



Reply

Date: April 9th, 2012 1:58 PM
Author: underhanded idiot field

Hipsters have officially ruined the internet

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424719)



Reply

Date: April 9th, 2012 1:57 PM
Author: white area pisswyrm

wtf is the point of instagram? camera+ seems much better to me.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424714)



Reply

Date: April 9th, 2012 2:01 PM
Author: chartreuse temple pervert

really, theres not much of one anymore. it just got such a huge userbase early on the buzz is enough to make it overwhelm competitors

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424743)



Reply

Date: April 9th, 2012 2:02 PM
Author: mustard home twinkling uncleanness

it's my understanding that instagram crops the image into a square and applies a sepia filter, making your high-res photo look kinda shitty and vintage-y. So, of course, idiots are going bonkers for it.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424751)



Reply

Date: April 9th, 2012 2:05 PM
Author: white area pisswyrm

it's amazing how out ttt culture accepts shitty photo quality. people posting totally blurred pics as their fb profile pics.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424776)



Reply

Date: April 9th, 2012 2:03 PM
Author: Aphrodisiac crackhouse

Wow thanks for the story. Your degree from Tbird is really shining!

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424759)



Reply

Date: April 9th, 2012 2:06 PM
Author: cheese-eating toaster

These guys are drowning in pussy. You: Basement.

Kevin Systrom (CEO)

Kevin graduated from Stanford University in 2006 with a BS in Management Science & Engineering—he got his first taste of the startup world when he was an intern at Odeo that later became Twitter. He spent two years at Google—the first of which was working on Gmail, Google Reader, and other products and the latter where he worked on the Corporate Development team. Kevin has always had a passion for social products that enable people to communicate more easily, and combined with his passion for photography Instagram is a natural fit.

Mike Krieger

Mike also graduated from Stanford University where he studied Symbolic Systems with a focus in Human-Computer Interaction. During his undergrad, he interned at Microsoft's PowerPoint team as a PM and at Foxmarks (now Xmarks) as a software developer. He wrote his Master's thesis on how user interfaces can better support collaboration on a large scale. After graduating, he worked at Meebo for a year and a half as a user experience designer and as a front-end engineer before joining the Instagram team doing design & development.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20424779)



Reply

Date: April 9th, 2012 2:49 PM
Author: Big-titted Piazza

LOL @ xoxo wage slaves

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20425070)



Reply

Date: April 9th, 2012 3:07 PM
Author: Dun kitchen



(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20425165)



Reply

Date: April 9th, 2012 2:51 PM
Author: Racy Shitlib

LOL. not since rupert murdoch bought myspace has there been such an amazingly perfect deal. $1B for many faggots: where do i sign bro.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20425086)



Reply

Date: April 9th, 2012 2:54 PM
Author: puce university

This is silliness, but a reckoning will come. Meanwhile, B2B startups are plugging along, solving real problems.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20425096)



Reply

Date: April 9th, 2012 3:00 PM
Author: underhanded idiot field

Of the tens of thousands of businesses that grew out of the App bubble, Square is one of the few that a) Adds long term economic value and b) Had a clearly defined business model & growth strategy from day 1. Like you said, it solves real problems.

But it's bullshit like Instagram that gets all the attention.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20425120)



Reply

Date: April 9th, 2012 3:06 PM
Author: trip state tattoo

blatant anti-angry birds flame.

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20425155)



Reply

Date: November 6th, 2026 7:08 PM
Author: ohnoes (🧐)



(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#50239194)



Reply

Date: April 9th, 2012 2:56 PM
Author: Hilarious Mad Cow Disease

I feel great, being one of the few people with an iPhone who never used nor ever had a desire to use this shitty picture service

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20425101)



Reply

Date: April 9th, 2012 3:02 PM
Author: underhanded idiot field

Nah, if there are only 27 million Instagram users and 200+ million iPhone users, you're in the strong majority.



(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20425126)



Reply

Date: April 9th, 2012 3:04 PM
Author: Hilarious Mad Cow Disease

I should clarify. I'm a (semi-)hipster but I've never used instagram. That makes me special, I believe

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20425138)



Reply

Date: April 9th, 2012 3:22 PM
Author: snowy multi-colored stag film useless brakes

Lol @ shit lawyers

(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20425231)



Reply

Date: April 9th, 2012 3:23 PM
Author: Big-titted Piazza



(https://xoxohth.com/thread.php?thread_id=1919636&forum_id=2#20425237)