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Facebook acquire Instagram in shock deal

Posted on Monday, 9 April by

In a somewhat shock move, Facebook CEO Mark Zuckerburg has this afternoon, just moments ago, announced that his company has acquired the hugely popular photo-sharing service Instagram, and their staff will soon be joining Facebook.

Instagram is a free application that’s compatible with iPhone, iPad and iPod touch and currently serves over 10 million registered users, and Apple actually named it “App of the Year” in 2011. The move is a huge coup for Facebook as it seeks to integrate some of the best social services that the web has to offer.

In a statement released just moments ago, Facebook’s CEO Mark Zuckerburg has said: “For years, we’ve focused on building the best experience for sharing photos with your friends and family. Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.”

“We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on Instagram’s strengths and features rather than just trying to integrate everything into Facebook.”

“That’s why we’re committed to building and growing Instagram independently. Millions of people around the world love the Instagram app and the brand associated with it, and our goal is to help spread this app and brand to even more people.”

Is this the dawn of a web monopolisation?

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Corey Pellatt
22-year-old editor of SQ Magazine and Media Studies student at the University of Sussex. Freelance writer for clients including BHAFC.

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