Instagram How A Photo Sharing App Achieved A 1 Billion Facebook Buyout In 18 Months

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Instagram How A Photo Sharing App Achieved A 1 Billion Facebook Buyout In 18 Months

Instagram How A Photo Sharing App Achieved A 1 Billion Facebook Buyout In 18 Months written by Sarita Harbour and has been published by Hyperink Inc this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-07-30 with Business & Economics categories.

ABOUT THE BOOK On April 5, 2012 Instagram was valued at 500 million dollars as part of a new round of funding with investors. Just a few days later, Mark Zuckerberg, CEO of Facebook, negotiated to buy it for $1 billion, $300 million cash and $700 million in Facebook shares. CNN called it one of the biggest deals in recent business tech history — not too shabby for a business only 18 months old, and a great inspiration to small companies everywhere. However, Facebook’s acquisition received mixed reviews and many raised eyebrows in the technology and business world. As details emerge regarding the buyout, and as analysts scramble to make sense of the deal, there are many questions. How did Zuckerberg and Kevin Systrom of Instagram arrive at a figure of $1 billion? What implications does this deal have for Facebook when it goes public in an expected Initial Public Offering in May, 2012? Why does Facebook want Instagram so badly? What can businesses learn from this deal, and how the heck did a tiny company without any revenue become so desirable in just 18 months? While Instagrams buyout by Facebook was viewed by many as a surprise acquisition, it illustrates the increasing importance of the image-based social-sharing platforms in today’s technology business world. Facebook already had a photo-sharing mobile photo-sharing program, but it was slow to load and clumsy to use. For the past several years, a team had been working on developing a solution. As recently as last summer, rumours circulated about a Facebook iPhone photo-sharing application that would make it easier for users to upload, edit and share their photos. With changes in team members and little to show for their work, nothing more was heard of Facebook’s progress until February 2012, when Business Insider magazine reported new product boss Dirk Stoop was working on a new solution to the problem. Zuckerberg was reported in the New York Times piece With Instagram Deal Facebook Shows its Worth as saying “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.” It is safe to assume that Facebook’s own product was not working out as hoped, leading Zuckerberg to buy the best photo-sharing experience instead of developing it. In addition to examining details of the acquisition, there are broader issues to address. How can businesses use Instagram and Facebook to build their own brands? What does this deal say about Facebook’s predictions for the mobility market and photo-sharing platforms? While Zuckerberg’s official statement is that Instagram will continue operating as a separate platform from Facebook, and that people who have Instagram but aren’t on Facebook can continue using their favorite app, how will Instagram change now that it is owned by Facebook? In this book, we will address these questions and review a quick history of Instagram. We’ll examine the events of Easter weekend that led to the Instagram buyout, and get a glimpse into the fast-moving world of high tech business and multi-billion dollar companies. EXCERPT FROM THE BOOK Mark Zuckerberg and Facebook paid $1 billion for a business that doesn’t have any revenue. Why? In a nutshell, Facebook purchased Instagram to take custody of its users before Facebook competitors did, to strengthen its position in the mobile phone market, and to get rid of a potentially difficult competitor. As people in the tech world often say, money follows the users. The recent availability of Instagram for Android users had Zuckerberg concerned, especially when the Instragram user population jumped by 10 million people in 10 days... ...buy the book to continue reading!

The Facebook Acquisition Of Instagram A Case Study

The Facebook Acquisition Of Instagram A Case Study written by Josua Flath and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-25 with Business & Economics categories.

Studienarbeit aus dem Jahr 2013 im Fachbereich BWL - Unternehmensführung, Management, Organisation, 한국과학기술원, Sprache: Deutsch, Abstract: On April 9th 2012 Facebook announced its acquisition of the application Instagram for nearly $1 billion including $300 million in cash and the rest in stock. The acquisition was finalized on September 6th with an offer of $736 million. In this case study we want to examine what the reasons of Facebook were to spend such an amount of resources and especially what the acquisition means for Facebook’s long-term strategy. We are going to tackle this research question in the following way: 1. We will introduce shortly the advertisement industry to the reader and explain what the typical common/shared strategies are for different parts of the industry (e.g. social network websites, radio, television, papers etc.) 2. Afterwards the strategy of Facebook before the acquisition will be elaborated so that a comparison can be made with the overall advertising strategy and how this made Facebook so popular. 3. The acquisition event: 3.1 First an analysis will be made of the reason behind the acquisition of Instagram (Facebook was going IPO in may or was the acquisition purely strategical for long-term ends, maybe both?) 3.2 What was the reason behind the fast and high valued acquisition? The bidding was quite high, was this for strategical purposes? (Gaining Instagram faster might mean faster “innovation/integration.”) 4. Analysis of the possible changes in the strategy of Facebook after the acquisition and application of 5D and 7D analysis. 5. Finally we will give a conclusion/evaluation about the event and make propositions of long-term strategic recommendations based on 5D and 7D analysis made in the previous section.

No Filter

No Filter written by Sarah Frier and has been published by Simon & Schuster this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-04-14 with Business & Economics categories.

Winner of the 2020 Financial Times and McKinsey Business Book of the Year Award * Named “Best Book of the Year” by Fortune, The Financial Times, The Economist, Inc. Magazine, and NPR In this “sequel to The Social Network” (The New York Times), award-winning reporter Sarah Frier reveals the never-before-told story of how Instagram became the most culturally defining app of the decade. “The most enrapturing book about Silicon Valley drama since Hatching Twitter” (Fortune), No Filter “pairs phenomenal in-depth reporting with explosive storytelling that gets to the heart of how Instagram has shaped our lives, whether you use the app or not” (The New York Times). In 2010, Kevin Systrom and Mike Krieger released a photo-sharing app called Instagram, with one simple but irresistible feature: it would make anything you captured look more beautiful. The cofounders cultivated a community of photographers and artisans around the app, and it quickly went mainstream. In less than two years, it caught Facebook’s attention: Mark Zuckerberg bought the company for a historic $1 billion when Instagram had only thirteen employees. That might have been the end of a classic success story. But the cofounders stayed on, trying to maintain Instagram’s beauty, brand, and cachet, considering their app a separate company within the social networking giant. They urged their employees to make changes only when necessary, resisting Facebook’s grow-at-all-costs philosophy in favor of a strategy that highlighted creativity and celebrity. Just as Instagram was about to reach a billion users, Facebook’s CEO Mark Zuckerberg—once supportive of the founders’ autonomy—began to feel threatened by Instagram’s success. Frier draws on unprecedented access—from the founders of Instagram, as well as employees, executives, and competitors; Anna Wintour of Vogue; Kris Jenner of the Kardashian-Jenner empire; and a plethora of influencers worldwide—to show how Instagram has fundamentally changed the way we show, eat, travel, and communicate, all while fighting to preserve the values which contributed to the company’s success. “Deeply reported and beautifully written” (Nick Bilton, Vanity Fair), No Filter examines how Instagram’s dominance acts as a lens into our society today, highlighting our fraught relationship with technology, our desire for perfection, and the battle within tech for its most valuable commodity: our attention.

Instagram Marketing

Instagram Marketing written by George Pain and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-08-07 with Business & Economics categories.

Are you looking to get better brand awareness, more followers and better customer loyalty? Launched in 2010, Instagram is a social networking app that allows users to share photos and videos using their handheld devices such as smartphones or tablet devices. Like Facebook or Twitter, you can create your own Instagram account and watch content through your newsfeed. If you post pictures or videos on the app, these will be shown on your profile. The app showed so much potential that Facebook bought it just 18 months after its launch through an acquisition deal worth $1 Billion. What's even more impressive is that the platform has sustained its expected growth. Recent data from statista.com reveals that Instagram is now the second most popular social networking app in the United States. As of February 2018, the app recorded more than 106.17 million monthly users. If you need to market your business to people who are likely using Instagram, you should add this platform to your marketing channels. Whether you are in charge of managing the social media channels of a large company or a small business, or even if you're simply trying to grow your personal brand, adding Instagram into your digital strategy is a must! With this beginner's guide, you can learn the fundamentals of marketing your business through Instagram. Like most technological platforms, Instagram is still evolving. And before you can keep up, you should start discovering this mobile app and how it can bring magic to your marketing efforts.