Facebook buys Instagram for 1 billion USD

[PopEmersen]

Wow! That is the definition of fastlane.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[bernieshawn]

Very. Starting to feel that web 2.0 is now leading to dotcom bubble/bust 2.0.

 

[PopEmersen]

I agree.

 

[Trevor Kuntz]

I really don't see what they see in Instagram that gives it a billion dollar value. Personally, I think it's a highly over-rated service and I don't see where they can get that sort of return out of it. Maybe this is just to counter Google's acquisition of Picnik?

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[PopEmersen]

I don't see what gives it a billion dollar value also even though they gained 1 million new users with their Android release, but at the same time Millenial Media's IPO shot up over $8 on the first day of trading I believe. Right now, anything that is social or mobile is being valued EXTREMELY high.

 

[Bond]

I really don't see what they see in Instagram that gives it a billion dollar value. Personally, I think it's a highly over-rated service and I don't see where they can get that sort of return out of it. Maybe this is just to counter Google's acquisition of Picnik?

Well they just finished a funding round, $50million at $500million valuation, so someone just gained a few bucks with this (Sequoia and the gang...)
Also it's cash and stock(hmm, IPO is around the corner...).
My guess was that Facebook didn't want Google to get all that traffic... Maybe they had a bidding war going on...

 

[Bond]

I don't see what gives it a billion dollar value also even though they gained 1 million new users with their Android release. Right now, anything that is social or mobile is being valued EXTREMELY high.

They gained 5million users and yes mobile+social and they are throwing money(bubble anyone?)...

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[PopEmersen]

oh snap! 5 mil?? Damn. I know im now on it, lol.

 

[Bond]

oh snap! 5 mil?? Damn. I know im now on it, lol.

Lol, seems they have 30million users now...

 

[Ready2bfamous]

[video=youtube;Nw1HXvjIHgI]http://www.youtube.com/watch?v=Nw1HXvjIHgI&feature=youtu.be[/video]

You know this is how they be celebrating

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.