Facebook acquires Instagram for $1 billion
With Instagram pulling in tens of millions of users, the inevitable happened. The seemingly controversial decision made by Facebook to acquire the Photo-sharing application Instagram has been met with a variety of emotions.
We are yet to see plans for the future for this service, however CEO Mark Zuckerburg pressed the point that “We’re committed to growing Instagram independently.”
Whatever the plans are, we can be assured that with the backing of a giant such as Facebook this can only be a positive move. Facebook may be using this service to rival other services offered by competitors but since when has competition been a bad thing? It springs innovation, debate and collaboration.
The jury is still out on faithful users to see whether they stay under new management…
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