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Facebook to Buy Instagram for $1BN - Breaking
Poast new message in this thread
Date: April 9th, 2012 1:14 PM Author: emerald volcanic crater Details to follow
http://www.bloomberg.com/news/2012-04-09/facebook-agrees-to-buy-instagram-photo-service-for-1-billion.html |
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Date: April 9th, 2012 3:30 PM Author: Vibrant fear-inspiring meetinghouse potus Instagram has only 13 employees (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20425266) |
Date: April 9th, 2012 1:15 PM Author: Grizzly blood rage ur rly good at this. have u considered bcumming a business journalist? (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424521) |
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Date: April 9th, 2012 1:16 PM Author: thriller lilac ratface lol @ putting "Breaking" in titles, especially on an xo post (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424523) |
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Date: April 9th, 2012 1:19 PM Author: emerald volcanic crater well,the news is breaking atm --it is not widely available yet or known,and details have yet to be disseminated (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424533) |
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Date: April 9th, 2012 1:21 PM Author: Iridescent beady-eyed persian mad cow disease except on techcrunch and techmeme (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424542) |
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Date: April 9th, 2012 1:22 PM Author: emerald volcanic crater yep, posted in the last 10-15 mins. (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424548) |
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Date: April 9th, 2012 2:52 PM Author: Federal cuck fuck you faggot (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20425089) |
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Date: April 9th, 2012 1:16 PM Author: thriller lilac ratface LOLLLLLL @ $1 BILLION CASH FOR A FUCKING IPHONE APP
LOLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL AMERICA!! |
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Date: April 10th, 2012 1:12 PM Author: marvelous menage doctorate LOLLLLLL @ $1 BILLION CASH FOR A FUCKING IPHONE APP
LOLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL AMERICA!!
very CR. |
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Date: November 6th, 2026 7:07 PM Author: ohnoes (🧐) (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#50239191) |
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Date: April 9th, 2012 1:18 PM Author: spectacular hominid dysfunction Makes me glad I don't have shit to do with Instagram.
Not against Facebook per se. But I just resent how FB and Google just gobble up the decent sites. |
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Date: April 9th, 2012 1:19 PM Author: emerald volcanic crater gotta defend dat valuation pre-IPO (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424534) |
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Date: April 9th, 2012 1:36 PM Author: spectacular hominid dysfunction true, i s'pose (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424589) |
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Date: April 9th, 2012 1:18 PM Author: Iridescent beady-eyed persian mad cow disease (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424529) |
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Date: April 9th, 2012 1:25 PM Author: Iridescent beady-eyed persian mad cow disease i dont know if shit like this is good or bad for the tech industry. at some point won't we get so many pointless startups with shit revenue it detracts from actual cool business ideas? (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424555) |
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Date: April 9th, 2012 2:56 PM Author: Electric big-titted jap degenerate yes (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20425108) |
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Date: April 9th, 2012 1:28 PM Author: thriller lilac ratface aren't they raising only like $5B or so from the IPO?
20% of the IPO capital towards a stupid iphone app? really? |
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Date: April 9th, 2012 1:32 PM Author: gay mad-dog skullcap prob not an all-cash purchase. plus facebook is already sitting on like 4bn in cash pre-ipo. (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424574) |
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Date: April 9th, 2012 1:32 PM Author: Odious Autistic Electric Furnace Bawdyhouse Does Instagram generate revenue?
Or is there some new business model in amassing X million users and selling quickly to either Google, Apple, or Facebook? |
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Date: April 9th, 2012 1:33 PM Author: Iridescent beady-eyed persian mad cow disease i dont think they generate any appreciable amount of revenue
my guess is its entirely about facebook getting people to stay on facebook instead of use other social network-type services |
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Date: April 9th, 2012 1:34 PM Author: thriller lilac ratface this has been happening for years over there
it's like the housing bubble -- all built on one big flawed assumption. in that case, assumption was that housing would keep rising in value. in this case, assumption is that *someone* will figure out how to monetize all this stuff. they wont. |
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Date: April 9th, 2012 1:51 PM Author: Obsidian Lodge Yeah, Google has really struggled to monetize its traffic, so I guess it's logical to assume that there is no such thing as an internet business.
Not saying Facebook will work in the long run, but there's a clear precedent for
1. Get traffic. 2. Sell ads. 3. Profit. |
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Date: April 9th, 2012 1:40 PM Author: emerald volcanic crater I think it's a defensive acquisition -- Facebook wants to pre-empt a migration toward the likes of Instagram in the realm of social photo sharing, and it wants to acquire technologies it can expan/develop upon. I suppose it also wants to show investors it has a constructive (even potentialy accretive) use for the IPO dough. (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424619) |
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Date: April 9th, 2012 1:44 PM Author: Odious Autistic Electric Furnace Bawdyhouse It would make sense then if Instagram only permitted photo sharing on the Facebook sphere. But according to the news report, Instagram is still going to have full G+, Twitter, Flikr, etc. integration
But again, I don't understand how they come up with a $1 billion valuation for a company with no revenue. That's $34 for each user on Instagram right now. |
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Date: April 9th, 2012 1:47 PM Author: emerald volcanic crater Facebook will still be ale to claim the traffic originated on its site for eCPM & traffic aggregation purposes. It will also defensively own any related patents/technologies and pre-empt any loss of social dominance, if only on picture sharing (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424652) |
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Date: April 9th, 2012 1:48 PM Author: Iridescent beady-eyed persian mad cow disease they came up with a 1 billion valuation because their competition is google and they needed to shell out a shitload of money
also, I'd expect to see instagram features which integrate more tightly with facebook than other services in the future, as well as direct tie-ins to facebook photo albums |
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Date: April 9th, 2012 1:49 PM Author: emerald volcanic crater it's (secondarily, of course) also a market-signaling device --i.e.-- we understand this to be worth a lot of money, and you should, too -- in the future, you should value social photo sharing highly and give us rich click-through values and eCPMs. they wanted to capture the "value" in a way their own social pic sharing hadn't yet. (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424666) |
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Date: April 9th, 2012 1:33 PM Author: Stimulating aqua stain rigor We're back to 2000 level lunacy. (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424578) |
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Date: April 9th, 2012 1:33 PM Author: Anal Trailer Park Hissy Fit (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424581) |
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Date: April 9th, 2012 1:39 PM Author: Odious Autistic Electric Furnace Bawdyhouse It reminds me of when Google bought Youtube for $1.65 billion and everyone was like WTF (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424612) |
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Date: April 9th, 2012 1:42 PM Author: Iridescent beady-eyed persian mad cow disease i bet they wish they had held out, it would be worth at least ten times that today (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424629) |
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Date: April 10th, 2012 1:17 PM Author: twinkling space partner cr. It is profitable now and gives google a play in the future of television. But at the time, I remember wtf was the common reaction. (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20431890) |
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Date: April 9th, 2012 1:44 PM Author: gay mad-dog skullcap tech people consider that a coup for google, at least on quora. (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424637) |
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Date: April 9th, 2012 2:00 PM Author: spectacular hominid dysfunction depends on how the Viacom lolsuit turns out, no? (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424733) |
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Date: April 9th, 2012 1:46 PM Author: emerald volcanic crater it's difficult to analyze these deals because it's so challenging to predict social/internet trends and usage preferences. nonetheless, youtube was a bit more groundbreaking and unique at the time of its purchase than instagram is today - but perhaps Zuckerberg knows something about the picture/socialsharing business we don't (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424646) |
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Date: April 9th, 2012 2:59 PM Author: lurid anal narrative Obvious synergy with google image search linking products in your photos. lisa rowe now bombarded by banner ads for 9-prong vinyl "jackhammer" style vibrators and premium cat food (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20425115) |
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Date: April 9th, 2012 3:20 PM Author: mind-boggling crotch Do you remember the details for people's concerns? I can see concerns about keeping others from doing the same thing, but the main concern seems like it would have been copyright bitchslapping. |
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Date: November 6th, 2026 7:08 PM Author: ohnoes (🧐) (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#50239193) |
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Date: April 9th, 2012 1:45 PM Author: Iridescent beady-eyed persian mad cow disease on a side note, remember turntable.fm? lol, that shit lasted like two months. they should've sold out while they had the brief chance (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424641) |
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Date: April 9th, 2012 1:53 PM Author: domesticated rigpig gaping http://www.quickmeme.com/meme/3opla2/ (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424690) |
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Date: April 9th, 2012 1:58 PM Author: Odious Autistic Electric Furnace Bawdyhouse Hipsters have officially ruined the internet (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424719) |
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Date: April 9th, 2012 1:57 PM Author: bateful drab coffee pot wtf is the point of instagram? camera+ seems much better to me. (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424714) |
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Date: April 9th, 2012 2:01 PM Author: Iridescent beady-eyed persian mad cow disease really, theres not much of one anymore. it just got such a huge userbase early on the buzz is enough to make it overwhelm competitors (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424743) |
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Date: April 9th, 2012 2:02 PM Author: domesticated rigpig gaping it's my understanding that instagram crops the image into a square and applies a sepia filter, making your high-res photo look kinda shitty and vintage-y. So, of course, idiots are going bonkers for it. (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424751) |
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Date: April 9th, 2012 2:05 PM Author: bateful drab coffee pot it's amazing how out ttt culture accepts shitty photo quality. people posting totally blurred pics as their fb profile pics. (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424776) |
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Date: April 9th, 2012 2:03 PM Author: Slippery sienna church becky Wow thanks for the story. Your degree from Tbird is really shining! (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20424759) |
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Date: April 9th, 2012 2:06 PM Author: Disrespectful parlor These guys are drowning in pussy. You: Basement.
Kevin Systrom (CEO) Kevin graduated from Stanford University in 2006 with a BS in Management Science & Engineeringhe got his first taste of the startup world when he was an intern at Odeo that later became Twitter. He spent two years at Googlethe first of which was working on Gmail, Google Reader, and other products and the latter where he worked on the Corporate Development team. Kevin has always had a passion for social products that enable people to communicate more easily, and combined with his passion for photography Instagram is a natural fit.
Mike Krieger Mike also graduated from Stanford University where he studied Symbolic Systems with a focus in Human-Computer Interaction. During his undergrad, he interned at Microsoft's PowerPoint team as a PM and at Foxmarks (now Xmarks) as a software developer. He wrote his Master's thesis on how user interfaces can better support collaboration on a large scale. After graduating, he worked at Meebo for a year and a half as a user experience designer and as a front-end engineer before joining the Instagram team doing design & development. |
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Date: April 9th, 2012 2:49 PM Author: Deep turquoise genital piercing LOL @ xoxo wage slaves (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20425070) |
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Date: April 9th, 2012 3:07 PM Author: Pink immigrant spot (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20425165) |
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Date: April 9th, 2012 2:51 PM Author: Federal cuck LOL. not since rupert murdoch bought myspace has there been such an amazingly perfect deal. $1B for many faggots: where do i sign bro. (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20425086) |
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Date: April 9th, 2012 2:54 PM Author: Exciting house This is silliness, but a reckoning will come. Meanwhile, B2B startups are plugging along, solving real problems. (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20425096) |
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Date: April 9th, 2012 3:00 PM Author: Odious Autistic Electric Furnace Bawdyhouse Of the tens of thousands of businesses that grew out of the App bubble, Square is one of the few that a) Adds long term economic value and b) Had a clearly defined business model & growth strategy from day 1. Like you said, it solves real problems.
But it's bullshit like Instagram that gets all the attention. |
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Date: April 9th, 2012 3:06 PM Author: gay mad-dog skullcap blatant anti-angry birds flame. (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20425155) |
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Date: November 6th, 2026 7:08 PM Author: ohnoes (🧐) (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#50239194) |
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Date: April 9th, 2012 2:56 PM Author: Electric big-titted jap degenerate I feel great, being one of the few people with an iPhone who never used nor ever had a desire to use this shitty picture service (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20425101) |
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Date: April 9th, 2012 3:02 PM Author: Odious Autistic Electric Furnace Bawdyhouse Nah, if there are only 27 million Instagram users and 200+ million iPhone users, you're in the strong majority.
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Date: April 9th, 2012 3:04 PM Author: Electric big-titted jap degenerate I should clarify. I'm a (semi-)hipster but I've never used instagram. That makes me special, I believe (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20425138) |
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Date: April 9th, 2012 3:22 PM Author: high-end site ape Lol @ shit lawyers (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20425231) |
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Date: April 9th, 2012 3:23 PM Author: Deep turquoise genital piercing (https://autoadmit.com/thread.php?thread_id=1919636&forum_id=2#20425237) |