Monday, April 16, 2012

In response to Alex's Post abput Instagram

I think that it was 100% worth it and would have been a huge threat to Facebook if they did nothing about. Around April 4th, Instagram made its app available for Androids and proved that it was not just for one demographic, the richer Iphone user. After they made the app available their data usage doubled in one day.It went from a little over 750,000 users to almost 2 million and then reached over 2 million by April 6th. This is when Zuckerberg realized that if he didn't acquire Instagram someone else would. Twitter even made a bid one it and was unsuccessful. A while back Yahoo had the opportunity to buy Facebook for a billion dollars and turned it down. Look at them now, almost bankrupt while Facebook has a 100 billion dollar valuation.

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