Instagram Ownership Sold For $ 1 Billion
You can still use Instagram for Facebook. However, now with your use, it would Facebook earning revenue as they are the new owners of popular app Instagram.
Facebook made an announcement that it is buying the extremely popular photography app maker ‘Instagram’ for$ 1 Billion.
The founder and CEO of Facebook, Mark Zuckerberg announced the acquisition in a blog that reads:
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. ??That’s why we’re committed to building and growing Instagram independently. Millions of people around the world love the Instagram app and the brand associated with it, and our goal is to help spread this app and brand to even more people.
Instagram was named the iPhone app of the year 2011 by Apple. Instagram stands 19th in the category of most downloaded free iPhone app of all-time. An android app was launched by Instagram last week. It was launched in Apple Store on October 2010. By december 2010, it had one million registered users.By July 2011 Instagram had shared over 100 million photographs. It reached 10 million users the same year on September and now by April 2012, the number had hit 30 million.
Instagram is a free download app on the App Store.Direct Link