Does Facebook Own Instagram | New 2019

Facebook purchased the hugely popular photo-sharing app Instagram Monday, for about $1 billion in a mix of money and stock.

Facebook Chief Executive Officer Mark Zuckerberg announced the procurement in a post on his Facebook Timeline Monday.

The sale is expected to shut later on this quarter, as well as will certainly bring the nine-person personnel of Instagram to the social network.

Does Facebook Own Instagram

" For many years, we've concentrated on constructing the best experience for sharing pictures with your friends and family," Zuckerberg said in the message. "Now, we'll be able to work much more carefully with the Instagram team to additionally offer the very best experiences for sharing gorgeous mobile pictures with people based on your interests."

Zuckerberg took place to state that the firm will certainly be building on Instagram's staminas as well as features and expanding the app separately rather than "simply trying to integrate everything into Facebook."

Facebook intends on maintaining features within the application that enable photos to be published on other socials media, and the capacity to have fans and comply with people who are not necessarily your Facebook pals.

" We will try to gain from Instagram's experience to build similar features into our various other items," Zuckerberg stated. "At the same time, we will certainly attempt to aid Instagram continue to grow by utilizing Facebook's solid design team and also framework."

Instagram CEO Kevin Systrom echoed Zuckerberg's declarations on the Instagram firm blog site including "We're upset to be signing up with Facebook and also are excited to build a better Instagram for everybody."

Instagram launched its iOS app in October 2010, and pertained to Android for the first time recently.
This is the very first time Facebook has actually acquired a firm or product with a lot of users. "We do not intend on doing a lot more of these, if any in any way." Zuckerberg claimed. "Yet giving the best photo sharing experience is one reason many individuals like Facebook as well as we knew it would certainly deserve bringing these two firms with each other."

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