Facebook acquires Instagram for $1 billion

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  1. The official announcement posted on Facebook by CEO Mark Zuckerberg:

    "I'm excited to share the news that we've agreed to acquire Instagram and that their talented team will be joining Facebook.

    For years, we've focused on building the best experience for sharing photos with your friends and family. Now, we'll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.

    We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on Instagram's strengths and features rather than just trying to integrate everything into Facebook."

  2. Instagram founders Kevin Systrom and Mike Krieger released their own statement:

    "When Mike and I started Instagram nearly two years ago, we set out to change and improve the way the world communicates and shares. We’ve had an amazing time watching Instagram grow into a vibrant community of people from all around the globe. Today, we couldn’t be happier to announce that Instagram has agreed to be acquired by Facebook.     

    Every day that passes, we see more experiences being shared through Instagram in ways that we never thought possible. It’s because of our dedicated and talented team that we’ve gotten this far, and with the support and cross-pollination of ideas and talent at a place like Facebook, we hope to create an even more exciting future for Instagram and Facebook alike."
  3. Reactions on Instagram:
  4. A smart Breaking News Instagram from NBC News:
  5. Congrats @kevin and the rest of the team!! #fb
  6. My slapdash MS Paint compilation of Zuck and Dr. Evil. #facebook #instagram #facestagram
  7. #breaking-news #breakingnews #facebook #instergam #IG oh my god. For 1 billion. Who wanna work at the office in now days? Let's do some apps!
  8. R.I.P Instagram - Facebook buys Instagram for $1 billion. #instagram #facebook #zuckerberg #bigbusinesscometh
  9. Ok, its true! Double tap for a blue monday! #facebook #instagram #buyout #1Billion
  10. Facebook acquista Instagram per un miliardo di dollari! Tristezza!