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Postby pod on Mon Apr 09, 2012 5:32 pm

How to keep Facebook from ruining Instagram

http://gizmodo.com/5900406/how-to-keep- ... -instagram

A six-person team bought by an Internet giant. Does that story ever end well?
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Postby coach on Tue Apr 10, 2012 2:20 am

Re: How to keep Facebook from ruining Instagram

There is no hope.
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Postby Lola on Tue Apr 10, 2012 12:17 pm

Re: How to keep Facebook from ruining Instagram

what is instagram?
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Postby pod on Tue Apr 10, 2012 12:22 pm

Re: How to keep Facebook from ruining Instagram

Lola wrote:what is instagram?


Photo-sharing app for iPhone and Android. Got bought by Facebook for $1 billion.
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Postby Lola on Tue Apr 10, 2012 5:14 pm

Re: How to keep Facebook from ruining Instagram

I have neither so i had no clue what it was. Thanks for clarifying.
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Postby pod on Tue Apr 10, 2012 5:43 pm

Re: How to keep Facebook from ruining Instagram

Lola wrote:I have neither so i had no clue what it was. Thanks for clarifying.


So you don't have a cell phone?
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Postby Dade on Wed Apr 11, 2012 2:15 pm

Re: How to keep Facebook from ruining Instagram

Facebook saw Instagram as the single biggest threat to Facebook. By buying it, they stop the threat and add a billion dollar company to their portfolio. Smart move.
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Postby pod on Wed Apr 11, 2012 2:32 pm

Re: How to keep Facebook from ruining Instagram

Precisely. I'm not sure what the arrangement was for the six people who were responsible for Instagram, but if they all had shares in the company, they are very well-off right now. To be honest if I was one of them and I just got that windfall I'd immediately leave the firm and spend the rest of my days enjoying life. Sailing or something. Take my money and leave, because in the long run, it's not gonna end up as a good thing.

Like the Giz article said, the acquisition of a smaller company by a larger one usually doesn't end well for the people in the smaller company over the long run. I know because I went through it with some friends of ours. Everything was peachy for a few years then it went to shit.
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Postby Dade on Wed Apr 11, 2012 5:41 pm

Re: How to keep Facebook from ruining Instagram

The people at Instagram all owned stock but some had not vested. They will all get some cash and a bunch of Facebook stock, which will make the deal even bigger when Facebook goes public later this year.
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Postby pod on Wed Apr 11, 2012 6:46 pm

Re: How to keep Facebook from ruining Instagram

Unfortunately the price of that FB stock is that they probably have to stay with FB for awhile. I actually feel bad for them now if the deal seems like what it is. They don't get shit for a few years, and have to suffer through working for Facebook.
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