Instagram: Point, Click, SOLD! Facebook buys Instagram for $1 Billion!
Post by: Valerie Jennings, CEO of Jennings Social Media & MarTech
Instagram, a photo app, was purchased for $1 billion this week by Facebook. I don’t know what else to say: congrats! While most consumers don’t know what or how it works, I will say that the app offers a lot of value. I personally use it for fun and think it was a great move on behalf of Facebook.
Here is the story.
How Instagram’s $1 Billion Sale Helps Other Photo-Sharing Startups
When Facebook decided to acquire Instagram for a whopping $1 billion on Monday, the two companies weren’t the only ones with reason to pop open a bottle of champagne.
The acquisition has lent legitimacy to a whole genre of startups — photo-sharing apps — previously accused of being a fad.