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Facebook buys Instagram – What you think

By: , IntoMobile
Monday, April 9th, 2012 at 11:12 AM
instagram

In a rather unexpected bit of news, Facebook bought Instagram for $1 billion this morning and we asked you lovely readers what you thought of the deal. You’ll find the answers below thanks to Storify.

Instagram was about 551 days old at the time of the acquisition and it could be the first billion-dollar app purchase (not 100 percent sure on that one). What’s clear is that the mobile revolution is real and can be quite lucrative if you have the right pieces.

About The Author

Marin Perez

Marin Perez has torture tested cell phones and smartphones for industry leaders like CNET and InformationWeek. He remembers when 4G was just a screen on PowerPoint presentations and is fascinated with the amount of innovation out there. Marin has spent a lot of time with BlackBerry and Android but he finally broke down a bought an iPhone to see what all the hype's about. He also has too many tablets.

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  • Anonymous

    its a waste of an app that delivers blurry photos but fair play to the developer

  • http://twitter.com/chaoticbuddhist Michael Allen

    The end of Instagram.

  • Tom

    If the $1B number is correct, that’s crazy.  Good for Instagram for knowing when to get out though, I doubt they would have ever seen a bigger exit than that.