Does Facebook Own Instagram | New 2019

Facebook got the widely popular photo-sharing app Instagram Monday, for about $1 billion in a mix of money and also stock.

Facebook CEO Mark Zuckerberg introduced the acquisition in a blog post on his Facebook Timeline Monday.

The sale is anticipated to close later this quarter, as well as will certainly bring the nine-person personnel of Instagram to the social network.

Does Facebook Own Instagram

" For many years, we have actually concentrated on developing the most effective experience for sharing pictures with your loved ones," Zuckerberg stated in the blog post. "Now, we'll be able to work a lot more carefully with the Instagram group to also provide the best experiences for sharing stunning mobile images with individuals based on your rate of interests."

Zuckerberg went on to claim that the business will certainly be building on Instagram's toughness and also attributes and expanding the app individually as opposed to "simply attempting to integrate everything into Facebook."

Facebook plans on keeping functions within the app that allow pictures to be published on other social media networks, and also the capability to have fans and adhere to people that are not necessarily your Facebook friends.

" We will attempt to pick up from Instagram's experience to construct comparable features into our various other products," Zuckerberg claimed. "At the same time, we will certainly try to assist Instagram remain to expand by using Facebook's strong design group and also facilities."

Instagram Chief Executive Officer Kevin Systrom echoed Zuckerberg's statements on the Instagram company blog including "We're upset to be joining Facebook and also are excited to develop a better Instagram for everybody."

Instagram released its iphone application in October 2010, and also pertained to Android for the first time recently.
This is the first time Facebook has actually obtained a business or product with a lot of customers. "We don't plan on doing many more of these, if any in all." Zuckerberg claimed. "But offering the best photo sharing experience is one reason that a lot of people love Facebook and we knew it would certainly be worth bringing these two companies with each other."

Tweet