Technology-Headlines

by George Heymann

Facebook buys Instagram for $1 Billion, pledges to keep Instagram growing and independent.

by George Heymann | @techeadlines

technology-headlines.com

Facebook bought Instagram for $1 billion dollars in cash and stock today. The acquisition was later confirmed in separate statements by Facebook CEO Mark Zuckerberg, and Instagram CEO Kevin Systrom.

Instagram is a wildly popular mobile photo sharing application that has enjoyed record growth from a reported 1 million users in January 2011 to an estimated 30 million users now.

Excerpts from the statements from the Facebook and Instagram CEOs are included below, click the links for the full press release.

I’m excited to share the news that we’ve agreed to acquire Instagram and that their talented team will be joining 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.

Mark Zuckerberg CEO Facebook 

Today, we couldn’t be happier to announce that Instagram has agreed to be acquired by Facebook.

It’s important to be clear that Instagram is not going away. We’ll be working with Facebook to evolve Instagram and build the network. We’ll continue to add new features to the product and find new ways to create a better mobile photos experience.

We’re psyched to be joining Facebook and are excited to build a better Instagram for everyone.

Kevin Systrom CEO, Instagram 

Advertisements

Filed under: Breaking News, General technology, Media, Services, Software, , , , , , , , ,

Instagram Officially Coming to Android, Will AT&T ever launch the Nokia Lumia 900? iPhone 5.1 Update Brings 4G To iPhone Users?

Smartphone Briefs

By Chris Coleman|@PhoneKnack

Instagram, the beloved iOS app that has 27 million registered users has been officially announced for Android. Co-founder Kevin Systrom took to the stage at South By South West (SXSW) to announce that after two years of being an exclusive iOS app that Instagram will be making its way into the lives of Android users.

Systrom gave a brief preview of what Instagram would look like on Android, and had went on to say that, “in some ways, it is better than their iOS app.” The app should be hitting the Google Play store soon.

Read the rest of this entry »

Filed under: Android, Apple, General technology, Google, iOS, Iphone, Media, Microsoft, Photo, Services, Software, Windows Phone 7, WP7, , , , , , , , , , , , , , , , , , , , , , , , , , ,

Instagram looking to make core improvements, Android on the horizon

by George Heymann

techeadlines@gmail.com

Eight million downloads and counting, photo-sharing startup Instagram is looking to make some

improvements and now has Android on its radar. According to Instagram figures, its popular photo-

Instagram CEO Kevin Systrom

sharing application has been downloaded by more than eight million iOS users since its launch in 2010.

Quite an accomplishment especially for a San Francisco-based startup with only six employees.

We’ve been blown away by the response from around the world since we launched,” says CEO Kevin

Systrom. “We never expected to see that, and it’s been really humbling. We started as just two guys in an incubator working on a project, and now we’re six people, and have been handed the opportunity to do something really big in the world. We have a responsibility to see this through, and it’s an amazing ride.”

Read the rest of this entry »

Filed under: Android, Apple, Google, iOS, Ipad, Iphone, Services, Software, , , , , , , , , , , , , ,

Enter your email address to follow this blog and receive notifications of new posts by email.

Our Twitter Feed

Click to download our official Android App

Categories