You are currently browsing the tag archive for Facebook Acquires Instagram

April 12, 2012

Instagram:17 Months And $1 Billion Later [Infographic]

Filed as News with no comments

Instagram LogoIn March 2010 Kevin Systrom and Mike Krieger raised $500,000 for a company called burbn, a platform that would later be renamed Instagram and which would eventually fall under the ownership of Facebook after being purchased for $1 billion. From zero to 30 million users in just 17 months Instagram is a cultural and business success.

In celebration of Instagram’s sale to Facebook the team at Visual.ly has put together an infographic that showcases the apps rise to meteoric success. There are very few apps that can release on Google Android to 1 million app downloads in 24 hours and 5 million downloads in just 6 days but Instagram is that app.

Jon Stewart recently quipped:

“A billion dollars of…money?  For a thing that kind of ruins your photos?”

While Jon may have been talking about Instagram in jest the company has done no wrong since launching, from securing $500,000 then $7 million and $50 million in separate funding rounds the company acquired the right talent, managed its community with ease and ultimately created a fun product that takes social photo sharing to a whole new level that other photo platforms have not yet been able to compete with.

Here’s the Instagram rise to fame infographic: read more

Tags: , ,

April 11, 2012

Facebook Acquisition Pushes Instagram To No. 1 In App Store Downloads

Filed as News with no comments

Instagram Number One In App StoreInstagram this week was purchased by Facebook for an astounding $1 billion and following the announcement of the buyout the Instagram App has become the number one downloaded mobile application inside the iOS App Store, marking the first time that that 30 million strong platform has risen to the top of Apple’s free-app catalog.

Instagram announced the milestone in a tweet. The downloads are well deserved as the program currently has a solid five-star rating that has been achieved with the help of 74,833 individual reviews which makes the program one of the most liked among users.

When the acquisition of Instagram was announced on Facebook CEO Mark Zuckerbergs personal Facebook page there was skepticism from many people who thought Facebook who destroy the platform, yet the social networks reach to nearly 1 billion users seems to have had the opposite effect as millions of more people flock to the photo sharing service.

In response to the download new users appear to love Instagram, tweeting “too good” and “I use it every day!” read more

Tags: , , , , ,