Hilarious, persuasive list found on Snoop Lion’s Instagram: “He’s BFFs with Jay-Z” is just as good a reason to vote for someone as “He’s a Mormon but he ain’t got no hoes” is a reason NOT to vote for someone. Original here.
A chart showing the gender breakdown of social media websites in unfortunate shades of pink and blue.
(Interesting that Tumblr didn’t make it on, in comparison to other sites people have barely heard of. Classmates.com? Ning?)
A 6.0 magnitude earthquake struck northern Italy early Sunday morning, destroying dozens of historical sites, some as old as 1,000 years. Even 24 hours after the initial quake, aftershocks continued to weaken many of the structures. Italian Instagrammers have been sharing photos of the quake’s aftermath.
- $200 million goes to Instagram if feds block buy-out source
» That’s quite a deal for Kevin Systrom and company, considering the government will likely be monitoring a deal of this magnitude. According to an updated S-1 filing, Facebook has already paid $300 million to Instagram and…
Facebook’s Board of Directors were never included in negotiations for the company’s purchase of Instagram, according to a report in the Wall Street Journal. The paper claims CEO Mark Zuckerberg spent three days hashing out details of the sale with Instagram founder and CEO Kevin Systrom…
“It used to be that web people “published websites” — like the site you’re reading now. But today people who work on the web “manage products.” I’m not sure when that changed, but clearly a memo went around. At one time, in the nineties, everyone was a “webmaster,” then for a while they were “site editors” or “site managers” and now they’re “product managers.” A website — even one as simple as Twitter — is no longer a singular thing; it’s a multitude of things from all over the place.
See what happened? On the web, “product” has gone meta. Companies once made sleds or dreamcatchers or software, but that’s all outsourced; an Internet product is very often a thing that lets other people make things — a kind of metaproduct — and you can get 30 million people working for you, for free, if you do a good job of it.”
Man this article was great.
Why did Facebook buy Instagram for $1 billion?
The price was stunning for an apps-maker without any significant revenue, even when measured by the lofty standards of Silicon Valley, where startup valuations have soared in recent years. It highlights the rising stakes in the social networking market in which services such as Facebook need to constantly excite consumers with new features and mobile applications.
By acquiring Instagram - in a deal announced days after the startup closed a funding round that valued it at $500 million - Facebook may also have sought to absorb a potential rival or at least prevent it from falling into the hands of a major competitor like Twitter or Google Inc.
“Anytime you see a social platform that’s growing that quickly, that’s got to be cause to be nervous,” said Paul Buchheit, a partner at the start-up incubator program Y Combinator and a co-founder of FriendFeed, which Facebook acquired in 2009.
“It would be better to have bought Twitter at this stage,” he said of Facebook. “So if you’re thinking this could be the next Twitter, it could be a smart thing to do.”
A few hours after the announcement, people don’t seem too thrilled with Facebook’s acquisition of Instagram, according to this Mashable Poll.
[U]sers will understandably be concerned that this acquisition will lead to a major change or even a shutdown. Most recently and perhaps most notably, Facebook bought Gowalla only to shut the service down three months later.
The tone of Zuckerberg’s post certainly indicates that this will not be the case, but some of Instagram’s estimated 30 million users may still feel anxious.
The 8-person team is now joining the massive social media conglomerate of Facebook. They echoed Mark Zuckerberg’s statements of excitement at the joint venture, saying on their company blog, “We’re psyched to be joining Facebook and are excited to build a better Instagram for everyone.”
This marks the first time Facebook has acquired a company/product that already has a large user base. “We don’t plan on doing many more of these, if any at all,” Zuckerberg said. “But providing the best photo sharing experience is one reason why so many people love Facebook and we knew it would be worth bringing these two companies together.”
Mark Zuckerberg just announced, via Facebook status, that the social media giant will be acquiring the super-popular photo-sharping app.
I think the most fascinating part is that, even though Facebook now owns it, they are not limiting the app to JUST that singular social media platform, and will still be working to integrate the program with Twitter, etc. Is this some kind of social media solidarity?!
For years, we’ve focused on building the best experience for sharing photos with your friends and family. Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.
We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on Instagram’s strengths and features rather than just trying to integrate everything into Facebook.
That’s why we’re committed to building and growing Instagram independently. Millions of people around the world love the Instagram app and the brand associated with it, and our goal is to help spread this app and brand to even more people.
We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience. We plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook.
More on this as it develops!