Netizen

Monday, April 09, 2012

Now That Instagram Has Been Bought By Facebook

FRANKFURT AM MAIN, GERMANY - OCTOBER 06: A picture in remembrance of Steve Jobs, founder and former CEO of Apple Inc is pictured at an Apple Store, on October 6, 2011 in Frankfurt am Main, Germany. Steve Jobs, 56, passed away after a long battle with pancreatic cancer. Jobs co-founded Apple in 1976 and is credited, along with Steve Wozniak, with marketing the world's first personal computer in addition to the popular iPod, iPhone and iPad. (Image credit: Getty Images via @daylife)GigaOm: Here is why Facebook bought Instagram

I want Facebook to push Instagram to come up with a web version of the product. And I want to be able to do the Instagram effect thing to my Facebook photos. Not all of them, but those I choose.

That would be awesome.

Instagram: A Billion In Two Years

Facebook buying Instagram is Facebook admitting it is essentially a photo sharing site.

What is most remarkable about the Instagram story is that it has essentially been an iPhone app. That's it. I guess it is possible for one iPhone app to end up worth a billion dollars.

This transaction is a tribute to Steve Jobs.

Pinterest Competes With Twitter, Instagram With FourSquare

Another important thing Facebook could do is give each photo its own unique URL that is not a mile long. And the ability for anyone to embed that photo, if the photo is publicly shared.

Instagram Does Not Know What It Has On Its Hands
Instagram Now Bigger Than FourSquare
Kevin Shitstorm Of Instagram
Instagram Wave
Path + Instagram + Color
Instagram Magic
Scaling Instagram Out Of A Coworking Space

Image via CrunchBaseTo create a billion dollars in wealth in just two years is remarkable no matter which way you look at it. And this is Facebook's first acquisition. Acquiring companies to shut down their product and hire their people doesn't count.

Instagram should have come on Android sooner. And it should have gone for a web presence very early on. Instagram not having a web version gave Pinterest a lot of room. Those three things - not adopting Android early, not having a web version, and now selling to Facebook - tell me the Instagram founders never really knew what they had in their hands.

I hope Facebook pushes them to get a web version.

Zappos should not have been bought by Amazon. Instagram should not have been bought by Facebook. Both needed to stay independent.

Mark Zuckerberg On The Acquisition
Instagram Blog: Instagram + Facebook
TechCrunch: Right Before Acquisition, Instagram Closed $50M At A $500M Valuation From Sequoia, Thrive, Greylock And Benchmark

Events: Week Of April 9

Image representing Yipit as depicted in CrunchBase

Image via CrunchBaseMonday, April 9

6:30 PM CTO School: Technologists Pesonality Traits and How To Pick A Startup
ZocDoc, 568 Broadway, #901

Tuesday, April 10

6:00 PM Riverside Chats: Speakers Series - Successful Transitions from Academia to Startups
Memorial Sloan-Kettering Cancer Center, 430 E. 67th Street, Rockefeller Board Room

Wednesday, April 11

7:00 PM #GoogleHappyHour
Randolph Beer, 343 Broome Street

Thursday, April 12

6:00 PM Startup - From Concept to Acquisition Using Django
Yipit Offices, 3 W 18th Street

Sunday, April 15

6:00 PM Cocktails & Conversation with Chinese Social Entrepreneurs
General Assembly, 902 Broadway, 4th Floor

VC Albert Wenger

Via Fred Wilson

Ben Silbermann Of Pinterest

Google Plus Is Google's Bing

Image representing Facebook as depicted in Cru...

Image via CrunchBaseTechCrunch: How The IPO Ruined Google

I never thought Google Plus was going to one up Facebook. Facebook is the social king. And that will stay. Just like Google is the search king and that will stay. Facebook tried to one up FourSquare, and failed. It gave up. But Facebook can not ignore the location space, and Google can not ignore social.

But I do think Google Plus is an arrival of sorts. Google wanted a player in the social space, and now they got it. They needed an also ran, and they have it now. Google badly needed a social layer to its services, and now they got it.

Pages

Monday, April 09, 2012

Now That Instagram Has Been Bought By Facebook

Instagram: A Billion In Two Years