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![Facebook Buys Instagram for $1B, Twitter Freaks Out. In case you missed it earlier Monday, Facebook has agreed to terms to buy popular photo filtering and sharing site Instagram for $1 billion. Yes, a billion. To read the full story, click here.
Not familiar with Instagram? As the aforementioned story states, “Instagram lets people apply filters to photos they snap with their mobile devices and share them with friends and strangers. Some of the filters make the photos look as if they’ve been taken in the 1970s or on Polaroid cameras.”
But it is more than that. Instagram has 30 million users (including NBC10). This deal took place roughly 551 days after Instagram’s launch, meaning that they made $1B in value in less than 2 years. The company also employs only 13 people! And with a valuation of $1 billion, that means each Instagram user is worth approximately $33 a piece.
The web justifiably freaked after the announcement (this is a big deal in the social media and technology space), and as people often do to share instantaneous reactions to big events, they turned to Twitter to tell others about it. It was no different for members of The20.
@christopherwink: Wait, is that $33 per user? $1 billion for Instagram’s 30 million users?
@mikeyil: u mad? re: FB & Instagram instagr.am/p/JNQiW2mbzN/
@mikeyil: So what you’re saying is that @Instagram just acquired nearly a billion “photographers?”
If you’re an Instagram user, how does this acquisition make you feel? Oh, and perhaps overshadowed on Monday, we’ve launched the #PhillyGram project with Instagram here at NBC10 (so if you’re on the service, be sure to tag your photos)!
-LD
[Facebook, NBC10, @christopherwink, @mikeyil]
Photo: Getty Images](http://24.media.tumblr.com/tumblr_m2882n4SEg1qfnxkko1_500.jpg)
Facebook Buys Instagram for $1B, Twitter Freaks Out. In case you missed it earlier Monday, Facebook has agreed to terms to buy popular photo filtering and sharing site Instagram for $1 billion. Yes, a billion. To read the full story, click here.
Not familiar with Instagram? As the aforementioned story states, “Instagram lets people apply filters to photos they snap with their mobile devices and share them with friends and strangers. Some of the filters make the photos look as if they’ve been taken in the 1970s or on Polaroid cameras.”
But it is more than that. Instagram has 30 million users (including NBC10). This deal took place roughly 551 days after Instagram’s launch, meaning that they made $1B in value in less than 2 years. The company also employs only 13 people! And with a valuation of $1 billion, that means each Instagram user is worth approximately $33 a piece.
The web justifiably freaked after the announcement (this is a big deal in the social media and technology space), and as people often do to share instantaneous reactions to big events, they turned to Twitter to tell others about it. It was no different for members of The20.
@christopherwink: Wait, is that $33 per user? $1 billion for Instagram’s 30 million users?
@mikeyil: u mad? re: FB & Instagram instagr.am/p/JNQiW2mbzN/
@mikeyil: So what you’re saying is that @Instagram just acquired nearly a billion “photographers?”
If you’re an Instagram user, how does this acquisition make you feel? Oh, and perhaps overshadowed on Monday, we’ve launched the #PhillyGram project with Instagram here at NBC10 (so if you’re on the service, be sure to tag your photos)!
-LD
[Facebook, NBC10, @christopherwink, @mikeyil]
Photo: Getty Images
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![Like Pinterest and Instagram? Check out Pingram. As social media continues to grow and evolve, two user favorites have been mashed together to create one service. Called Pingram (and notably still in beta testing), it combines the look of Pinterest with Instagram photos, allowing you to view Instagram photos that have been (literally) pinned. But why Pinterest and Instagram? Instagram, the free photo sharing application that allows users to take a photo, apply a digital filter, then share it socially, recently passed 25 million users (according to The Next Web), and Pinterest is the social network of the moment that lets its 12 million-and-counting users collect and share digital images and link them to websites.
The new site is the work of Italian web developer Gennaro Varriale, who tells Mashable:
“I love Instagram and use it frequently. I also use Pinterest and I love collecting photos in boards. While I was searching [for] a way to pin my Instagram photo, I got this idea — A simple way to share Instagram photos with a clean interface, similar to Pinterest inside a vanity url page.”
Are you a Pinterest or Instagram addict? Have you tried Pingram? Thoughts?
-LD
[Pinterest, Instagram, The Next Web, Mashable, h/t @anniemal]
Photo: Pingram.me](http://24.media.tumblr.com/tumblr_m0ja01JUJj1qfnxkko1_500.png)
Like Pinterest and Instagram? Check out Pingram. As social media continues to grow and evolve, two user favorites have been mashed together to create one service. Called Pingram (and notably still in beta testing), it combines the look of Pinterest with Instagram photos, allowing you to view Instagram photos that have been (literally) pinned. But why Pinterest and Instagram? Instagram, the free photo sharing application that allows users to take a photo, apply a digital filter, then share it socially, recently passed 25 million users (according to The Next Web), and Pinterest is the social network of the moment that lets its 12 million-and-counting users collect and share digital images and link them to websites.
The new site is the work of Italian web developer Gennaro Varriale, who tells Mashable:
“I love Instagram and use it frequently. I also use Pinterest and I love collecting photos in boards. While I was searching [for] a way to pin my Instagram photo, I got this idea — A simple way to share Instagram photos with a clean interface, similar to Pinterest inside a vanity url page.”
Are you a Pinterest or Instagram addict? Have you tried Pingram? Thoughts?
-LD
[Pinterest, Instagram, The Next Web, Mashable, h/t @anniemal]
Photo: Pingram.me
