Facebook are doing a great job right now. The trendiest site on the web perhaps, and they were just about to start losing those ratings before plunging in and grabbing a super cool deal with Instagram. The result, Instagram sells for a billion dollars, and Facebook get an Instagasm.
I saw a lot of tweets and posts about why Facebook did it. They don’t need the members, no you are right. I can tell you there are three reasons why Facebook made the big money purchase.
Firstly, Twitter wanted the awesome app. Twitter likes sharing pictures just as much as Facebook does. Twitpic was the start of it all, and now its easier than ever to have images plastered all over your status updates on your twittery feed. Facebook knew they wanted to buy it, so they got in there first!
Secondly, it might only be 30 million more users on a 750 million user social empire, but these are important people. Why? Well, they are the same as you. Here right now reading this post because it’s cool. These 30 million users are all using Instagram, meaning they are cool. These 30 million cool people will make a much bigger difference to Facebook than 100 million middle aged crazy people who ejaculate over making a status about their splendid day at work. Yes, this is what Facebook is becoming! You know I’m right!
Lastly, there is the photo fanbase. Someone else explained this better with a picture (irony?), it showed boxes for how much of the internet’s images were stored in particular places. The Library of Congress was a little cute square, Flickr was pretty big, but Facebook was like a gazillion times bigger. This is important to Facebook. They want their site to be where the images of the world are, and now that everyone is using Instagram to take pictures, they will end up in one place. You guessed it.
It’s as simple as that really. Cool Fact of the Day? This is the first ever post on this website. If you found it, you searched far and hard baby, and I’m proud of you. Although by this point, Instagram may now have social profiles on their website after buying Facebook for 1 trillion dollars.