Facebook buys Instagram for a billion dollars

The announcement is made by Mark Zuckerberg himself on his personal profile.

Important announcement in the Internet world. Mark Zuckerberg announced through his Facebook profile the acquisition of Instagram, photo app / social network.

Facebook to invest $ 1 billion to buy San Francisco-based software company, owner of the popular image sharing app. The agreement comes a few days after offering the service in a version for Android phones. Facebook will pay the billion dollars partly in cash and partly in stocks.

Here’s Zuckerberg’s ad

“I am delighted to share the news that we have decided to acquire Instagram and that its talented team will be joining Facebook. For years we have focused on creating the best experience for sharing photos with your friends and family. Now, we will be able. collaborate even more closely with the Instagram team to also offer the best experiences to share great photos from your mobile with people based on your interests. We believe that these are different experiences that complement each other. But to get it right, we have to be aware of how to maintain and strengthen the strengths and characteristics of Instagram rather than just trying to integrate everything into Facebook. That is why we are committed to building and growing independent Instagram. Millions of people around the world love the Instagram app and the associated brand. with him, and our goal is to help spread this application and from marc to more people.
We believe that Instagram being connected to other services outside of Facebook is an important part of the experience. We intend to keep features like the ability to post to other social networks, the ability to unshare your Instagrams on Facebook if you wish, and the ability to have followers and follow people separately from your Facebook friends.
These and many other features are important parts of the Instagram experience and we understand that. We will try to learn from the Instagram experience to create similar functions in our other products. At the same time, we will try to help Instagram continue to grow using Facebook’s strong engineering and infrastructure team.
This is an important milestone for Facebook, because it is the first time that we have bought a product and a company with so many users. We’re not going to do many of these anymore, if we do. But providing the best photo sharing experience is one of the reasons many people love Facebook and we knew these two companies would be worth bringing together.
We are looking forward to working with the Instagram team and all the new experiences that we will be able to build together. “

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