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Monday 9 April 2012

Facebook buys Instagram for $1Billion

Facebook co-founder Mark Zuckerberg explained why his company bought the mobile photo sharing site with over 30 million registered users
This is an important milestone for Facebook because it’s the first time we’ve ever acquired a product and company with so many users. We don’t plan on doing many more of these, if any at all. But providing the best photo sharing experience is one reason why so many people love Facebook and we knew it would be worth bringing these two companies together.

15 comments:

  1. Great, people are thinking oo, and making things happen, not just to buy cars.

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  2. Una go quarel' trouble ahead u for just day manage urself like that

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  3. This might just be another google in the making if they keep up with these aquisitions. I wonder when Nigerian Entrepreneurs will start shaking Global Vista like this.

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  4. Ovee priced if you ask me. Millions yes, but a billion? not sure

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  5. When u are big u are big!!!

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  6. Learn from it stupid,Nigerians and stupid banking system,Nigeria invest in services not building houses nobody want to buy in Victoria island.
    Create services that will touch people world wide.I'm working on it.
    Stupid Stupid Banking system,run by morons never listen,only interested in Oil deal.
    Bank product and services are week.
    If Facebook guy has been a Nigerian,he will be working under the bridge without knowing its thru worth.
    Millions of Nigerians are lost they dont know they thru worth,we dont even have ANGEL in Investors in Nigeria.

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  7. ugh nooo. Facebook get out of our face!!!

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  8. Money speakin,speakin#in 9ice's voice when u re large u re in charge

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  9. Anon 9.52pm u say that cos u dont realise how much instagram earns when one of 30million users refreshes a page. Just google what facebook had to pay to acquire the domain 'fb.com' they wont pay up to a billion if they wont make more than that in the end.

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  10. Bella, many companies have paid even more than $1b to buy another company, and ended up having to write off losses...

    Don't assume that just because someone's spending a huge amount of money, he can't possibly be making a mistake...

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  11. Those guys in Facebook are not accident succes stories. They sure know how to make people feel insecure.

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  12. it is high time mehn....if there is one thing Facebook has going for it, it is its ability to share pictures and wall writings and notes. The only shortcoming is the fact that it can be difficult upload pictures on facebook directly via a mobile phone unless of course you are using a 3rd party software to do so. For instance, I use photobook to upload large pictures to my facebook account where as doing it directly is almost impossible and I find default mobile upload a little clumsy as it does not arrange your pics in selected folders and albums, especially those of us that care little for blackberry phones and still remain loyal to Nokia phones. Anyway, this a way to go with stiff competition from twitter and skype, the icebreaker here is innovation and new and simple technology. By the way, I hate twitter....like come on what can you say in 140 characters that will make sense...scheeeew. The replies are eveb more annoying and clumsy....

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    Replies
    1. I don't find it difficult or clumsy uploading large pictures from my blackberry.it could also depend on your location and network. When I travelled to Nigeria last month, using my phone for usual business was very frustrating, slow and network was really bad. I know arranging it in a specific folder "mobile uploads" sucks, no options.

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  13. Money talks, Mark is a young/good business man.

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  14. Oh Mbok check out strategic planning. I garra go read this story and be inspired and get off my arse. Laziness is a disease mtchew, Entrepreneur toh badt, i'm coming soon world.

    Good one Facebook.

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Disclaimer: Opinions expressed in comments are those of the comment writers alone and does not reflect or represent the views of Linda Ikeji.

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