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Thread: News - Facebook buys Instagram for $1bn

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    News - Facebook buys Instagram for $1bn

    Their biggest acquisition yet focuses on photos.
    Read more.

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    Hooning about Hoonigan's Avatar
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    Re: News - Facebook buys Instagram for $1bn

    As I posted on Facebook yesterday:

    Instagram guys being called "sellouts". If you get a call offering $1b and you don't simultaneously piss and **** yourself, you've done well.

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    Headless Chicken Terbinator's Avatar
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    Re: News - Facebook buys Instagram for $1bn

    And suddenly the hipsters who use it have become mainstream (like they wasn't already).

    Huzzah!
    Last edited by Terbinator; 10-04-2012 at 12:00 PM.
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    Re: News - Facebook buys Instagram for $1bn

    Instagram started out in October 2010
    1 Billion in under 2 years is pretty good !
    Chrome & Firefox addons for BBC News
    Follow me @twitter

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    Re: News - Facebook buys Instagram for $1bn

    will the iOS crowd be up in arms again for selling out?
    Old puter - still good enuff till I save some pennies!

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    Re: News - Facebook buys Instagram for $1bn

    deal is equivalent to $77 million per employee
    Now that's what I call a payout for 2years of work. Wonder what comes to as an hourly rate.

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    Re: News - Facebook buys Instagram for $1bn

    Hurray! More boring photos of boring peoples boring children doing boring things but with a nice filter on!

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    Re: News - Facebook buys Instagram for $1bn

    Quote Originally Posted by SUMMONER View Post
    Now that's what I call a payout for 2years of work. Wonder what comes to as an hourly rate.
    365 * 2 = 730
    730 - (30 * 2) (holidays per year) = 670
    670 * 40 (hours per week) = 26800

    $77,000,000 / 26800 = roughly $2800 per hour.

    Nice return

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    Re: News - Facebook buys Instagram for $1bn

    I honestly dont get what makes them worth $1m, never mind $1bn.

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    Re: News - Facebook buys Instagram for $1bn

    its as though nothing was learnt from the dotcom bubble burst

    It is funny how butt hurt the iphone hipsters are getting over this now. First their picture bastardizer was given to the great unwashed android users and now they are bought by the mega hooj social networking.

    They`ll all be weeping into the soy lattes whilst wiping their eyes on their black turtle necks

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    Re: News - Facebook buys Instagram for $1bn

    How do they actually make money?
    Kalniel: "Nice review Tarinder - would it be possible to get a picture of the case when the components are installed (with the side off obviously)?"
    CAT-THE-FIFTH: "The Antec 300 is a case which has an understated and clean appearance which many people like. Not everyone is into e-peen looking computers which look like a cross between the imagination of a hyperactive 10 year old and a Frog."
    TKPeters: "Off to AVForum better Deal - £20+Vat for Free Shipping @ Scan"
    for all intents it seems to be the same card minus some gays name on it and a shielded cover ? with OEM added to it - GoNz0.

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    Re: News - Facebook buys Instagram for $1bn

    Guessing ad revenue...

    Still, it's hardly selling out. Selling out happens when you get a poor deal because your eyes lit up with dollar signs. They were offered way above what they're worth.

    Maybe they're holding some key (possibly unreleased) IP that Facebook wants?

    Remember that Facebook still has chronically bad photo processing.

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    Re: News - Facebook buys Instagram for $1bn

    Quote Originally Posted by kopite View Post
    its as though nothing was learnt from the dotcom bubble burst

    It is funny how butt hurt the iphone hipsters are getting over this now. First their picture bastardizer was given to the great unwashed android users and now they are bought by the mega hooj social networking.

    They`ll all be weeping into the soy lattes whilst wiping their eyes on their black turtle necks
    I didn't hear about the iphone users getting upset over an android port. Kind of makes me glad I didn't download it on to my new android phone - wouldn't want to associate with any idiots with opinions like that!
    Trust

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    Re: News - Facebook buys Instagram for $1bn

    Quote Originally Posted by cheesemp View Post
    I didn't hear about the iphone users getting upset over an android port. Kind of makes me glad I didn't download it on to my new android phone - wouldn't want to associate with any idiots with opinions like that!
    http://www.youtube.com/watch?v=uMm9E8pGZ7M

    A tweet about it

    Oh,Great. Instagram is now available for android phones.Now Im going to be forced to see what poor people eat for dinner.

    I even saw one tweet from a us rapper who said anyone who uses instragram on Android should unfollow him.

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    Re: News - Facebook buys Instagram for $1bn

    Never even heard of em till now

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    Re: News - Facebook buys Instagram for $1bn

    1 billion for such a useless service!?

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