Facebook will acquire the photo sharing app Instagram, reportedly in a $1 billion deal.
In the video embedded above from 2011, New York Times Magazine contributing writer Clive Thompson explained why writers should use the photo-sharing app in their daily lives. Do you use Instagram?
Here’s more from the company about the acquisition
Today, we couldn’t be happier to announce that Instagram has agreed to be acquired by Facebook. Every day that passes, we see more experiences being shared through Instagram in ways that we never thought possible. It’s because of our dedicated and talented team that we’ve gotten this far, and with the support and cross-pollination of ideas and talent at a place like Facebook, we hope to create an even more exciting future for Instagram and Facebook alike. 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.
And at The Daily Beast:
Mark Zuckerberg’s Facebook made a bold play for photo-sharing supremacy on Monday, shelling out a reported $1 billion to acquire the popular mobile-photo application, Instagram. “For years, we’ve focused on building the best experience for sharing photos with your friends and family,” Zuckerberg wrote in a statement. “Now, we'll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.” The deal comes just days after Instagram began streaming its service on Android phones in addition to iPhones.
Read it at The Daily Beast