Tag Archives: Instagram

Tech Bubble? There’s An App For That.



Courtesy Facebook

Whether he knows it or not, Mark Zuckerberg fired the starter’s pistol when he reportedly single-handedly spent more than $1 billion on photo-sharing app Instagram earlier this month. The Facebook CEO apparently cut his board of directors out of the picture and decided unilaterally to purchase the relatively small Instagram for a universally huge sum of $1 billion-plus.

Nearly two weeks later, we find out that Facebook dropped another half-billion dollars on a patent buy from Microsoft – who had purchased that chunk of patents and more from AOL for a billion bucks around the same time Facebook bought Instagram.

Courtesy LinkedIn

That might qualify as a spending spree. And when one social media giant whips out its checkbook like that, you can bet a handful of other players start to wriggle a bit in their office chairs. On the other side of things, when one of those checks gets delivered to the owners of an app, you can bet the sea of app developers starts to roil and swell with the “next big thing” hoping to emerge from the churn and become overnight gazillionaires. Continue reading Tech Bubble? There’s An App For That.


GNC-2012-04-20 #758 Back from NAB!



Back from NAB with a rare Friday show, be sure to check out the podcast and get all caught up.. Headed to Florida tomorrow night so there will be two shows from Florida next week.

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GNC-2012-04-09 #756 Best Tech Show on Earth!



Back in Hawaii for two shows, headed to the NAB Show this coming Friday will likely be a crazy schedule once the show starts. Lots of moving parts, but as always great tech coming your way from the best tech show on earth. ;)

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Download the Audio Show File

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Facebook Buys Instagram for $1 Billion



 

Facebook Shells Out $1 Billion For Instagram

The folks at Instagram – screamingly popular free photo-sharing app – announced about an hour ago that they are being bought by Facebook for the mind-numbing price of $1 billion (definitely billion with a “b”).

Facebook announced here and Instagram humbly announced they were being bought here. Both parties – Facebook’s Mark Zuckerberg and Instagram’s Kevin Systrom  – insist that the photo sharing service would be allowed to grow and operate independently.

Instagram bought for $1 billion cash/stock by Facebook.

The real news isn’t the purchase itself, but the price. One billion dollars in cash and stock is a huge, huge number for an acquisition in Internet-land – already branded a block-buster deal that is sending shockwaves through Silicon Valley (figuratively, of course). Could a photo sharing app possibly be worth that much (keep in mind the company has a grand total of NINE employees)? Is Facebook simply trying to bolster it’s own value before their impending IPO?

It will be interesting to see how this plays out over the next couple of days, for sure.

 


Instagram for Android Sign-up Now Available



Android Logo

Instagram, the popular iPhone app that allows users to share photos, is finally coming to Android as you may have heard.  Today they made it feel a little more official by setting up a web page to allow people to sign up for information on the long-awaited app.  Instagram showed off their forthcoming Android app at SXSW in Austin, Texas recently and it made quite a splash.

Unfortunately the sign-up page doesn’t give any real information about the new app, but only provides a place for those who can’t wait to enter their email address and receive notifications.  Still, it is another step closer to making this all a reality.  While we don’t know an official launch date, it’s likely that it will be within the next few weeks.  You can sign up at instagr.am/android.