When i am writing this article you might have heard that Facebook has already bought Instagram with one billion dollar and shares in the market.Isn't it cool?Yes,it is.
Before one month the market price of Instagram was $500 million.Before six months it was like $300 million.But why Facebook has bought it with 1 million Dollars?There must have some reasons.
Instagram is a photo sharing site which was a passive competitor of Facebook. It was having 3 million active registered users.Instagram was not only limited to iPhone.Its android applications were also capturing the photo market.
Now hopefully you have got some points.Facebook is also having photo sharing and and it is also about commenting on photos.So,may be Mark Zuckerberg had felt the heat of this.And before the mega blast it is now in his pocket.
The blog post that has been got from Mark Zuckerber's blog is like below:
"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."