The Resource Instagram : how a photo-sharing app achieved a $1 billion facebook buyout in 18 months, Sarita Harbour, (ebook)

Instagram : how a photo-sharing app achieved a $1 billion facebook buyout in 18 months, Sarita Harbour, (ebook)

Label
Instagram : how a photo-sharing app achieved a $1 billion facebook buyout in 18 months
Title
Instagram
Title remainder
how a photo-sharing app achieved a $1 billion facebook buyout in 18 months
Statement of responsibility
Sarita Harbour
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
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
Cataloging source
Midwest
http://library.link/vocab/creatorName
Harbour, Sarita
Dewey number
770.28553
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
hoopla digital
http://library.link/vocab/subjectName
Social networks
Target audience
adult
Label
Instagram : how a photo-sharing app achieved a $1 billion facebook buyout in 18 months, Sarita Harbour, (ebook)
Link
Instantiates
Publication
Color
multicolored
Dimensions
unknown
Extent
1 online resource
Form of item
  • online
  • electronic
Governing access note
Digital content provided by hoopla
Isbn
9781614646617
Isbn Type
(electronic bk.)
Publisher number
MWT11403466
Specific material designation
remote
Stock number
11403466
System control number
MWT11403466
System details
Mode of access: World Wide Web
Label
Instagram : how a photo-sharing app achieved a $1 billion facebook buyout in 18 months, Sarita Harbour, (ebook)
Link
Publication
Color
multicolored
Dimensions
unknown
Extent
1 online resource
Form of item
  • online
  • electronic
Governing access note
Digital content provided by hoopla
Isbn
9781614646617
Isbn Type
(electronic bk.)
Publisher number
MWT11403466
Specific material designation
remote
Stock number
11403466
System control number
MWT11403466
System details
Mode of access: World Wide Web

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