First off, yes this is my first post in over a year. But I’m back. I’ll try to keep these posts more relevant than my Tumblr feed. Ok, let’s get down to it.
With Facebook’s recent acquisition of the social photo platform Instagram for $1 billion, we’re all left wondering what might change and particularly, how Facebook might ruin what is now a 5-star mobile app. I mean who would blame us; just take a look at Facebook’s own mobile app and you can see why we’re all a little worried. Poor performance, slow loading, and buggy. Then there’s the security and privacy concerns that have haunted Facebook users. On the other hand, Instagram is clean, easy to use, and LOOKS great. Based on solely user interface, Instagram outperforms Facebook every time. It’s just a better app. Can’t argue that. But what Facebook does have is users. Lots of active users. Huge opportunity here for Facebook to do something right.
Back to Instagram. Instagram’s journey from a zero profit mobile app to becoming a $1 billion dollar company has been quite an accelerated story. Instagram released its first app back in October 2010. In less than two years it has become worth $1 BILLION. That’s amazing. For more info on that, check out Mashable’s visual timeline of Instagram’s success story.
Who knows, it could be a great move by both parties. Personally, I’m not getting my hopes up though.
Did you see that stat talking about in 531 days Instagram was worth $1 billion, while the NY Times, which is roughly 161 years old, is only worth around $990 million?
Yeah I heard about that! Absolutely incredible.