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Oh my Oh my, Facebook acquires
Instagram. They actually dished out $1 billion (not actually cold
cash but cash and stocks)to acquire Instagram and the word out
is that Instagram users have already started deleting their accounts.
I this the deleting of accounts is being over hyped right now.
This is surely a great acquisition for
Facebook but I am not sure this marriage would be the best. Instagram
as a service has come to be loved by so many people who really love
sharing images with friend and your ability to edit pictures with
their wonderful apps is an amazing experience although I must be
honest with you I particularly don't like sharing pictures(the reason
why I don't use instagram). Facebook however have the habit of
disregarding user privacy and I can say for sure that Zuckerberg
doesn't mind doing the same with his new toy. To be honest I think
this is more of a great deal for the owners and developers of
Instagram than it is a good deal for Facebook. Zuckerberg says that
Instagram would stand alone as a seperate service but they would work
closely with the Instagram team to allow some sort of integration.
However the Instagram users would be able to opt out of sharing their
Instagrams on Facebook, (Zuckerberg will definitely turn on sharing
by default).
We know Zuckerberg well enough, I think
his motivation is not to keep Instagram but to switch user engagement
to Facebook and slowly kill Instagram. Not necessarily shut it down
but slowly kill the service. Well we can only wait to see what he
would do with Instagram.
I will end by congratulating the
founders of Instagram Mike Krieger and Kevin Systrom for creating
such a beautiful service but I really wish you didn't sell to
Facebook since Instagram was cerianly going to blow-up compete
directly with Facebook, but considering the fact that Instagram
wasn't making mush money its a good deal.
I wonder how this deal will affect
Facebook's IPO?
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