Facebook Buying Instagram For One Billion Dollars In Cash And Stocks
WISCONSINREPORT.COM (04/11/2012) - Facebook, an online social media destination that more and more residents of Wisconsin are members of, has purchased an internet business called Instagram. Facebook announced it is buying the photo-sharing application for $1 billion in a mix of cash and stock.
Just exactly what is this, "Instagram"? Instagram.com states: "Snap a picture, choose a filter to transform its look and feel, then post to Instagram. Share to Facebook, Twitter, and Tumblr too – it's as easy as pie. It's photo sharing, reinvented". There's a Mobile App available.
Investor Uprising, the individual investor's no-nonsense resource for global business trends and investment ideas, has weighed in on the Facebook-Instagram deal.
Investor Uprising Editor in Chief R. Scott Raynovich says the sky-high valuation for the two-year old company will pose risks to large public Internet companies such as Google and Facebook, which are increasingly competing with faster startups and must now pay to acquire more of them.
"You mean to tell me that you are the most powerful social-networking company in the world, and you can't come up with a better photo-sharing app than 12 hackers in pajamas?" wrote Raynovich in his regular Invester Uprising blog.
"If a garage full of coders can beat Facebook with a photo-sharing app in two years, does that mean there might be more risk in the social-networking market than people think? Yes," said Raynovich.
Raynovich points out that Facebook is spending $1 billion to defend itself against a tiny startup, and that odds are companies such as Google and Zynga may follow the trend of spending huge sums to scoop up startups offering innovative features.
Investor Uprising has been described as the individual investor's no-nonsense community for accessing business trends and investment strategies.
Combining expert market commentary, fundamental analysis, and on-the-ground reporting, Investor Uprising helps the reader find the best investment opportunities in global markets.
Operated by UBM plc, Investor Uprising's community of contributors reaches millions of potential business readers around the world.
TRUST THE REAL WISCONSINREPORT.COM FOR THE TRUTH
WisconsinReport.com is an independent online internet news publication not affiliated with Wisconsin Government, Wisconsin Public Broadcasting, the University of Wisconsin System, or any other entity, agency, department, network, business or organization with Wisconsin in it's name. WisconsinReport.com is a Morbizco Media Group/Morbizco, Inc., non-partisan, internet publication.
BE A FAN OF WISCONSINREPORT.COM ON FACEBOOK!
The real WisconsinReport.com has a page on Facebook. You are more than welcome to be one of our Facebook friends. If you haven't already done so, search for WisconsinReport.com on Facebook, or search for WiscReport. Then follow the Facebook link to the WisconsinReport.com page on Facebook. While you're there, Click on LIKE. You'll receive brief notifications when new WisconsinReport.com stories are added.
You can also find our Facebook page by going to the WisconsinReport.com website front page and clicking on the Facebook Link at the bottom left side of the website front page.
OR, copy and paste this internet address into your browser's address field: http://facebook.com/wiscreport .
FOLLOW THE REAL WISCONSINREPORT.COM ON TWITTER
You can find us on Twitter.com by entering http://twitter.com/WiscReport in your computer browser's address field, or, when you're at Twitter.com, search for WiscReport. If you get WisconsinReporterER, it's not us.