To no surprise Facebook has purchased another media giant. In a little under 2 years from its start up Instagram and its 11 employee's was sold to Facebook for a mere 1 Billion Dollars. We could tell Instagram would be the next big sensation, hours after its launch thousands downloaded the application and caused the computer system to crash many times. At this time the co-founders phoned a veteran, Mr. Adam D'Angelo who had previously worked at Google and Facebook. Instagram is connected with many social media outlets, such as Facebook, Twitter, and even blogging domains. This purchase by Facebook marks another important milestone. This will allow Facebook a larger percentage of mobile phone users and mobile market share. I am positive this is not going to be the end to start up businesses cashing in on the social network, as well as it will not be the end to Facebook's media domination.
More information can be found at: http://www.nytimes.com/2012/04/14/technology/instagram-founders-were-helped-by-bay-area-connections.html?pagewanted=3
good point BW, facebook needs to keep expanding in order to increase its marketshare. It will be interesting to see how facebook profits and changes instagram.
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