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Facebook Buys Instagram For $1 Billion

TimRock said:
. I dont mess around with the editing. I just take pics of ass i see on the street and share it to my home pc. Thats about it.
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I dont even use it at all. And you arent the target audience. 100s of millions of people actually care about photos..a lot.

You and I arent the target audience homie. So you might not see the value. Personally, it is not valuable to me. However, I completely understand what photo-lovers have jumped on board.
 
eewwll said:
I dont even use it at all. And you arent the target audience. 100s of millions of people actually care about photos..a lot.

You and I arent the target audience homie. So you might not see the value. Personally, it is not valuable to me. However, I completely understand what photo-lovers have jumped on board.
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Man, take a time out cause these posters refuse to read.

Those who are interested to see how they did what they did will investigate.

The rest will speculate from the sidelines.

I already posted the growth numbers and video from one of the co-founders (specialized in UI Design from Stanford).

You are arguing with consumers and not people interested in reproducing a similar story with an idea they have.


Good insight as usual though.

Mainman also said something key, they chose to go with IOS and rolled it out to limited members to get that buzz going.
Funny I read something similar last week so again this proves it.

This year it's my turn to make a run at the market.


:yes::yes::yes:
 
Enigma said:
I have the same exact issue with FB - they value themselves at $100 billion :hmm:
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I wouldnt go as far as calling is laughable but the multiple is too high for it to be a sound post-ipo investment.

They dont value themselves at anything, the market does. The ending private trading at just over 100B... so if the market is willing to pay it, cant really fault FB for taking it. Actually the have a fudiciary responsibility to their current shareholders to do so.

I certainly wouldnt by the stock... they will be trailing at a really rich pe ratio man... :smh:
 
eewwll said:
I dont even use it at all. And you arent the target audience. 100s of millions of people actually care about photos..a lot.

You and I arent the target audience homie. So you might not see the value. Personally, it is not valuable to me. However, I completely understand what photo-lovers have jumped on board.
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got you.
 
eewwll said:
This was great news for anyone in the mobile market... especially if you are doing fund-raising :yes:
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Yeah, for real.

Out here fund raising is networking and referrals.

Had a meeting with a big Angel out here last week and would not have been able to do that on my own, got the hookup thru a friend of my girl.

It's really about the network.

I would advise anyone doing or going to try doing mobile apps to do a prototype with the Minimum Viable Product (MVP) and share it with friends to get feedback.

Solve 1 problem very well.

Then start shopping; don't start shopping after you have spent a lot of time & money on the app and then go shopping for investors.

Google "Lean Methodology" and follow that shit and go get them

:yes:
 
eewwll said:
Value is a very relative thing.

People thought Google overpaid for youtube (me included at the time) but that ended up being a steal. Google now dominates video and youtube is actually the second largest search engine in the world defined by queries (most people dont know that)

Instagram is becoming the default photo button on smartphones. Also, it is becoming a social network.

Facebook is mainly used for sharing photos, they are weak on mobile, etc....

Instagram solves a lot of of their pre-ipo issues.

Again.. Instagram might not be worth a billion to say Microsoft... but for Facebook, it very well could be.

Mark didnt want to be Yahoo passing up on buying Google when they wanted to sell to them.... they didnt want to be Yahoo also passing up on Facebook (Semel balked at the billion dollar price)... so he decided to make a big bet... it was a defensive gamble but now their only major threat (from a startup perspective) is gone.
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Exactly! FB got a go dam bargain. And instagram should too soon all things considered. One billion for FB to basically buy the next FB and remove them from the "shit to worry about" list is a fucking steal.

eewwll, why didnt twitter attempt to buy them? That would have been a deadly FB rival.
 
yup.



The full profile of Systrom and Instagram describes a close-knit network of investors and engineers that would ultimately help propel Instagram to success. By selling to Facebook, however, Systrom may have lost an ally: Twitter founder Jack Dorsey, who had supported Instagram and allegedly expressed interest in buying it in the past few months. Since the acquisition, Dorsey has apparently stopped using the service, though his company declined to comment officially.
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http://www.theverge.com/2012/4/14/2948528/instagram-facebook-acquisition-company-history
 
themainman said:
yup.




http://www.theverge.com/2012/4/14/2948528/instagram-facebook-acquisition-company-history
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Early bird catches the worm, scared money dont make none, seize the moment, and a host of other idioms that i cant think of right now...

Twitter has NO ONE to blame but themselves. An idiot could see that this was a no brainer buy for them. I actually thought they were partners from jump as twitter pretty much served as an advertising and demo ground for instragram. On the other hand, instagram should have leaked the offer and and sat back and watched as the asking price slowly doubled... But, you really cant talk but so much shit to cats who made a billie off of less than 100k investment in 24months.

FB like = :cool:

Twitter like = :(:puke:
 
Amajorfucup said:
Early bird catches the worm, scared money dont make none, seize the moment, and a host of other idioms that i cant think of right now...

Twitter has NO ONE to blame but themselves. An idiot could see that this was a no brainer buy for them. I actually thought they were partners from jump as twitter pretty much served as an advertising and demo ground for instragram. On the other hand, instagram should have leaked the offer and and sat back and watched as the asking price slowly doubled... But, you really cant talk but so much shit to cats who made a billie off of less than 100k investment in 24months.

FB like = :cool:

Twitter like = :(:puke:
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yup im not sure how twitter let that happen.

and that $1billion might just be the result of leaking an early offer and watching its value double

this shit reminds of how much the hiphop industry mirrors corporate america.

u got these ceo's mentoring these up and coming companies...but really grooming them for a possible acquisition down the road. when shit doesnt go their way, all that love and "free" advice is dead. steve jobs was the same w/ the google guys. same way diddy was sayin he cant breath when he coudnt sign jay electonica lol.
 
Amajorfucup said:
diddy is such a fag.


But speaking of corporate parallels, would that make JayZ the Fox news corp and J. Electronica the Myspace? :confused::lol:
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damn i dont wanna put my dude on myspace status. bad omen lol.

imma say jay z is facebook, jay elec is instagram and diddy is twitter crying in the car.
 
themainman said:
damn i dont wanna put my dude on myspace status. bad omen lol.

imma say jay z is facebook, jay elec is instagram and diddy is twitter crying in the car.
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Come on man, stop with the bias. Its been well over a year and JElec been pump faking on new music and has been forgotten by all but his most staunch supporters... Instagram he is NOT sir.
 
Amajorfucup said:
Come on man, stop with the bias. Its been well over a year and JElec been pump faking on new music and has been forgotten by all but his most staunch supporters... Instagram he is NOT sir.
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any day now bro. my nig has to make a few dollars for bossman and to feed the seed 1st but its coming. im holding the faith till the end of summer. btw if jay-z is an expert at something, it's understanding how to sell a product without selling out. this commercial and the jayelecs mountain dew joint have hov influence written all over them.

 

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