Instagram has just announced that they have agreed to be bought by Facebook for a billion $.
That’s good for them, a bit less for the users.
First reaction: noooooo.
Although I do hope that Facebook will keep their word and keep developing Instagram independently, I’m really afraid it would end up as it happened with Gowalla a few years ago - they disappeared.
I still hope for the best, but most of the blogosphere is skeptical: Ben Brooks has already deleted his account.
Instagram has generated $1,814,882 in value every day since its launch 551 days ago.
That’s $1,260 per minute.
Remember this day. 551-day-old Instagram is worth $1 billion. 116-year-old New York Times Co.: $967 million.