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Thread: Instagram

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    Instagram

    Ok, I've been using Instagram for about a week and I still don't understand what's so great? Is this app really worth a billion dollars?



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    Re: Instagram

    I don't know how it sold for that much. Isn't it just some camera filters? You could pay a ******** of people to replicate that and still come out way ahead.



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    Re: Instagram

    Certainly seems like a lot of money for a company that, as far as I can tell, doesn't have any way to make any money. But what's a billion dollars to Facebook. Instagram already has a couple million users, has the name people know. More people to advertise to, more money to make.



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    Re: Instagram

    Never heard of it until yesterday.


    #BEATIOWA

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    Re: Instagram

    It's all about demand. Interesting though...some friends we met in Istanbul are opening up a cafe and they got a bunch of pictures on canvas printed up for them for the place....taken from an iPhone with Instagram..weirdly highly professional looking. Couldn't believe it.


    Tons of my friend have been using the service for awhile. It's pretty big in a number of places. I believe they have over 31 million users and growing since they released a version for the android recently.



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    Re: Instagram

    One credible theory is that Facebook felt threatened by Instagram. Instagram had the ability to draw in a portion of Facebook's constituents.

    In the first day that the Instagram Android app was available, over 1 million people downloaded it.

    Instagram already had a valuation of $500 MM based on their previous capital raise which closed last week if I remember correctly. Thus increasing their user base and the fact that they didn't really need the money allowed them to push the price up.

    Pretty simple if you ask me.



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    Re: Instagram

    There is also a rumor Apple was sniffing around too. Not sure why facebook and Apple would have to compete, but you never know. I have instagram on my android, but rarely use it, maybe I just dont fully understand its point.



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    Re: Instagram

    I don't get it either. I want my pictures to look clean and crisp, not like they were taken from a 1970's camera. Putting a border around a picture doesn't make you a professional photographer. I think Facebook got taken.



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    Re: Instagram

    Quote Originally Posted by bos View Post
    There is also a rumor Apple was sniffing around too. Not sure why facebook and Apple would have to compete, but you never know. I have instagram on my android, but rarely use it, maybe I just dont fully understand its point.
    Facebook is partnered with Microsoft.




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    Re: Instagram

    Quote Originally Posted by pyrocyz View Post
    One credible theory is that Facebook felt threatened by Instagram. Instagram had the ability to draw in a portion of Facebook's constituents.

    In the first day that the Instagram Android app was available, over 1 million people downloaded it.

    Instagram already had a valuation of $500 MM based on their previous capital raise which closed last week if I remember correctly. Thus increasing their user base and the fact that they didn't really need the money allowed them to push the price up.

    Pretty simple if you ask me.
    Facebook has no reason to feel threatened by Instagram. They are not even close to a Facebook-esque service, they are "just" another app who specializes mostly in one thing. Instagram is no more Facebook than a hundred other web 2.0 startups out there.

    The more credible theory is that Facebook realizes the potential for growth, is getting in on buying them, and will be expanding their business.

    Facebook's current valuation is something like $100 billion and Instagram is only considered a small subset of what Facebook does.


    The theory would be more credible if we were talking about some magical API better and more than Facebook's and/or one that expanded it and was growing extremely fast and faster than facebook's.



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    Re: Instagram

    Quote Originally Posted by bos View Post
    There is also a rumor Apple was sniffing around too. Not sure why facebook and Apple would have to compete, but you never know. I have instagram on my android, but rarely use it, maybe I just dont fully understand its point.
    You're old and out of touch.



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    Re: Instagram

    Quote Originally Posted by SC Cy View Post
    I don't get it either. I want my pictures to look clean and crisp, not like they were taken from a 1970's camera. Putting a border around a picture doesn't make you a professional photographer. I think Facebook got taken.
    Friends opening a cafe used Instagram for large canvas photos they are hanging on the walls. I thought they were professional photos with expensive lenses. I was shocked to find out it was my friend taking pics on his iPhone and using Instagram.



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    Re: Instagram

    Quote Originally Posted by ISUAgronomist View Post
    Facebook is partnered with Microsoft.
    Right, but facebook makes an app for apple. Its not like they are being exclusive......yet.



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    Re: Instagram

    Quote Originally Posted by dmclone View Post
    Ok, I've been using Instagram for about a week and I still don't understand what's so great? Is this app really worth a billion dollars?
    Anyone that uses that horrible thing deserves a punch in the brain!


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

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    Re: Instagram

    Quote Originally Posted by brianhos View Post
    Anyone that uses that horrible thing deserves a punch in the brain!
    What's so bad about it?



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