Facebook Buys Instagram for $1Bn

I'm sure I saw a thread about this earlier - can't seem to find it now :confused:

That's quite a sum of money :o
 
Yep... I think Apple, Google, Facebook et all are all set for a correction. What strikes me about Apple is that unlike other competitors they have all their eggs in one basket, and they are in every stage of production of their stuff.

Microsoft just make the software, likewise with Google. Samsung have their fingers in many pies... but Apple make the software, the hardware, the retailing, the servicing, and they effectively control the content on it too.

The Facebook rot is already setting in, sure it's going to expand a whole lot more, but where it's already reached full capacity people are getting fed up with it. Add to that they still don't really know how to monetise all that traffic without losing the traffic.

Fashion will turn against Facebook and Apple etc... and that's going to really hurt their share value.
 
This will allow them to control the "mobile market" much better to be honest. Instagram has a lot of users, photo sharing and social media go hand in hand and its something (at least on the mobile platform) that Facebook have never fully got to grips with. Smart move, will be interesting to see how this plays out. $1 billion is a lot of wonga though...
 
blimey - was a bit gobsmacked by the 100 or so million paid by Zynga to the creators of 'drawsomething' the other week.... now 1 billion from facebook for instagram...

both of these are, relatively, simple apps in the grand scheme of things - but obviously very well executed/implemented and at the right time... no doubt facebook's IPO was a factor too.
 
qqg3 said:
This will allow them to control the "mobile market" much better to be honest. Instagram has a lot of users, photo sharing and social media go hand in hand and its something (at least on the mobile platform) that Facebook have never fully got to grips with. Smart move, will be interesting to see how this plays out. $1 billion is a lot of wonga though...
Click to expand...
The problem is, there is absolutely nothing to stop someone else producing an app that does exactly the same thing as Instagram.
 
Jokester said:
The problem is, there is absolutely nothing to stop someone else producing an app that does exactly the same thing as Instagram.
Click to expand...

There's also nothing to stop people from setting up their own social network.

Chances that it becomes more popular than facebook or that some random instagram clone can catch up with instagram are rather slim in both cases.
 
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