Facebook buys Instagram for $1 billion

Facebook plans to buys Instagr.am for an approximate billion in combined stock and cash. The deal is intended to close this quarter.

What is Instagram to Facebook? Instagram does have a large user-base but Facebook has a larger one. Mark Zuckerberg says that he wants to operate Instagram as a separate app and doesn't just want to integrate everything into Facebook.

Considering that Instagram garnered 30 million users in a year, it was bound to grow. Buying Instagram was a offensive and defensive move. Remember YouTube & Google in 2006? That's exactly what it seems like.

Also the way Facebook plans to operate Instagram sounds a lot like how Google runs YouTube.

More to come, stay around. Comment on your thoughts.

I know I haven't posted in over a week. Sorry :)

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