Facebook Buys Instagram for $1 Billion UPDATE: Watch Gay Vaynerchuk predict this would happen … Some breaking news on this fine, sepia-filtered Monday: Facebook has announced it will buy Instagram, the popular photo-sharing app, for $1 billion in cash and stock. But will the marriage make sense? Mark Zuckerberg, in a post about the news on Monday, wrote: “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.” Amazingly, Instagram was valued at $500 million in a financing round just last week. The company said it had 30 million users already before opening it up to Android users last week. Maybe all it took for the deal to get done was MC Hammer’s flashback photo with Snoop and 2Pac. Click here to read Zuck’s full note … Jacob Soboroff, HyperVocal contributor, AMC News correspondent and executive director of Why Tuesday weighed in with his thoughts, surely speaking for the millions of IG users: Go on, go ’head and click and Follow Us for more updates straight to your news & nonsense feeds. MORE GREAT STUFF FOR YOUR PERUSAL: • Televangelist Tebow Draws Crowd: ‘In Christianity, It’s the Pope and Tebow’ • Brazil’s Superior Court of Justice Rules Having Sex With 12-Year-Old Girls May Not Be a Crime • Special Prosecutor Won’t Take Trayvon Martin Killing to Grand Jury, Continues Investigation • MC Hammer, Snoop & 2Pac: It’s Your Instagram Photo of the Day • Famed Olive Garden Critic Marilyn Hagerty Will Be Published By Anthony Bourdain • Happy Easter From Kate Upton • Watch This Poor Girl Get Blown Into a Wall By a Plane Engine • Watch: Did You Know That Frasier’s On-Air Callers Were Big-Time Celebrities? Pages: 1 2
hvcomments 09.04.12 @ 2:04 pm Leave it to spoiled, bored smartphone users to embrace and pay for a complete regression in technology to make their pictures look like crap. People worked hard and died to refine the technology that enable modern digital cameras to take beautiful and crisp images – and you slap them in the face by filtering your shots through something that looks like you’re shooting through the bottom of an algae covered glass bottom boat. Your parents and grandparents shook their fists at the sky when viewing the horrible quality of the prints in the ’70s. They longed for the day in the future when their children would be able to hold and view images that contained actual true-to-life colors and correct exposures of the scenes they were trying to capture. Hipstamatic spits in their faces and dashes their dreams and laughs while doing it. So, why not go all the way then? Fulfill your retrogradation urges and hook a team of horses up to the front of your car, light your nights by candle, bathe in cold waters and live in a yurt down by the river. Or, just start taking clear pictures again. You have the technology
Sledwreck13 09.04.12 @ 2:06 pm Leave it to spoiled, bored smartphone users to embrace and pay for a complete regression in technology to make their pictures look like crap. People worked hard and died to refine the technology that enable modern digital cameras to take beautiful and crisp images – and you slap them in the face by filtering your shots through something that looks like you’re shooting through the bottom of an algae covered glass bottom boat. Your parents and grandparents shook their fists at the sky when viewing the horrible quality of the prints in the ’70s. They longed for the day in the future when their children would be able to hold and view images that contained actual true-to-life colors and correct exposures of the scenes they were trying to capture. Hipstamatic spits in their faces and dashes their dreams and laughs while doing it. So, why not go all the way then? Fulfill your retrogradation urges and hook a team of horses up to the front of your car, light your nights by candle, bathe in cold waters and live in a yurt down by the river. Or, just start taking clear pictures again. You have the technology