Facebook buys Instagram for approximately $1 billion

Facebook buying Instagram
Facebook buying Instagram for approx. $1 billion

Facebook have just announced that they are buying Instagram. Mark Zuckerberg posted the announcement on his Facebook page, and Kevin Systrom, CEO of Instagram soon after wrote his own post on the Instagram blog trying to reassure concerned fans of the service. “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”, he wrote.

What this will mean for the Instagram services to to early to tell. It could possibly be like with Facebook‘s deal with Spotify earlier, that forces new users of the music service to have an Facebook account to be able to subscribe or join. This might put some people off from using Instagram in the future, just like it did Spotify fans in the beginning, but then again it could be benificial for both Facebook and Instagram users in the end.

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