Facebook Buys Instagram For 1 BILLION Dollars

There are only two options here: 1) In a few years we'll be claiming this was an obvious purchase (like when Google bought YouTube) or 2) It's an obvious sign that the coming valuation of Facebook's IPO is going to people's heads and you might want to second guess your purchase of Facebook when she goes public.

Right now, the snarky in me wants to think it's #2.

I love Instagram, but 1 BILLION DOLLARS? Really?

I'd love your thoughts here …

Please note: I reserve the right to delete comments that are offensive or off-topic.

  • https://plus.google.com/108896556048763968559 Mickey Mellen

    I never quite "got" instagram. Yeah, it was kinda handy, but I never saw the big appeal. Congrats to them on the big payday, though.

  • https://plus.google.com/107254847750371936612 Paul Colligan

    Oh yeah, more power to them, I just want us to all live in a world where valuations are realistic so we can base our decisions on something other than a bubble.

  • https://plus.google.com/108956580822703774734 Stephen Feather

    1 billion for images that look like my great-grandfather shot them. sigh

  • https://plus.google.com/110639358872508766574 Graham Hunt

    Bubble price! Anyone remember MySpace?

  • https://plus.google.com/116229472358661425910 Stipe Pokrajcic

    I dont know why but secretly i want facebook to fail just like myspace, and google+ to go on. Really cant say why, but there is something sinister about facebook that I dont like

  • http://www.googlingsocial.com/ Chris Lang

    I myself Paul think it is a move on Facebook’s part to put the photo sharing domination back in the hearts and minds of photographers. Google+ has shown that Photographers, both professional and amateur can gain massive traction on G+.

    Mostly because G+ is an open social network, most posts are public and peeps LOVE photographers there, even the average joe gets huge traction with photos. Second, because the What’s Hot section can get photographers in front of a massive audience. (although the /hot section on G+ has turned out to have as much value as Digg’s front page)

    Love to hear your thoughts on this Paul as I am somewhat G+ centric….

  • paulcolligan

    Interesting angle. I’ll take it 😉 I honestly still don’t know. Seems like a silly bubble grab for me – but I thought the same about YouTube and Google.

  • ncirco

    As a good defense, usually wins Super Bowls, I think the Billion “Defensive” Play was just that! For the moment, Facebook has said they will be leaving Instagram as is, and not “integrate it” in to the web of Facebook, which is also a new “Defensive” strategy for Facebook.
    TOUCHDOWN for Facebook as they just crushed a threatening competitor (Offense).

  • https://plus.google.com/110639358872508766574 Graham Hunt

    And of course there is nothing sinister about Google right 😉

  • paulcolligan

    One of the better thought out comments I’ve read in awhile. Thanks!

  • https://plus.google.com/103938154750716118794 Clifford Ball

    Both annoy me. Google annoys me because they start wonderful things and then let them rot with no updates (like where the hell are Google + Groups!! Grrrrr). Facebook tends to piss me off for making constant stupid updates, I mean idiotic things no one wants.