The breaking news from San Francisco early this morning, April 10, 2012, is that Facebook has bought its own photo maker, Instagram. The price will sound astounding, 1,000,000,0000 dollars, that’s 1 billion dollars. The enormous price will be paid to Instagram sellers in stocks and in cash. The enormous amount of money to paid for Instagram has become the most recent talked about happening in Silicon Valley.
Seems that Facebook wants their users to be able to share photos with their followers in a more efficient and professional manner according to Facebook founder, Mark Zuckerber. He has pledged to allow Instagram to continue to run their photo shop independently of any interference from Facebook. Seems that Mark Zuckerberger is continuing the Facebook long time strategy of keeping the best of online software while incorporating it into his Facebook media forum. According to Zuckerberg, who reported the one billion dollar buy of Instagram on Monday, he intends to use Instagram’s special features in Facebook and joining the two hugely popular online mediums of social connections.
Users of Instagram will also be happy to know that Mark Zuckerberg who now owns Instagram intends to keep the photo shop online as an independent program as well as joining it to Facebook. The one billion dollar paid to Instagram has got to be one of the biggest deals reported to our online population. Imagine what users of Facebook will think knowing that their benefactor, Mark Zuckerberg, CEO of Facebook, has paid one billion dollars to a photo shop and sharing website to allow them to also share their photos with friends and family on Facebook. If there is a monetary advantage to Zuckerberg in the deal, it wasn’t mentioned in his report to the Internet on Monday when he let everyone know the greatest deal ever for Facebook.