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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