Instagram then eh. Great app - been using it for some time, simple, neat and a joy to use. But ONE BILLION DOLLARS - blimey.
I've read a lot of analysis of its worth but the fact of the matter is Facebook's main reason for buying it is because they can. It's all down to Facebook's own massive valuation of 100 billion that makes Instagram worth so much.
I read this the other day on Twitter - don't know how accurate it is but it is quite an eye opener
Instagram 13 employees, 18mnths old, $1bn valuation
Kodak 17,000 employees, 131yrs old, chapter 11
Wow - I know its a bit false to compare such different businesses but it is an amazing stat.
Lets face it, Facebook could snap up a lot of other great apps like Tumblr, Foursquare, Instapaper - in fact anything beginning with Insta - and still have loose change from a fraction of their IPO and future profits. Are we now in a period of tech history where Facebook will begin to take over the world.
So everyone - start thinking now for that next billion dollar idea. Heres my prediction of whats going to happen in the next few year
(and read the $1bn as did Dr Evil in Austin Powers saying the ransom)
Instapoo - the new app that becomes an instant craze as people photo and share pictures of dog poo around the capital together with full poo location GPS. Just 6 months after launch Facebook acquire for ONE BILLION DOLLARS.
WikiPeek - People take pictures of random people on the street and post them to Wikipeak. It is then your job to browse the pictures and find random pictures of yourself or friends based on where you have been that day. Hours of fun as this craze takes off. Facebook acquire for ONE BILLION DOLLARS and instantly shut it down.
AcneFace - you take someones picture and it morphs acne onto your face and makes you look like a 16 year old teenager. On day one of launch it has 10 million downloads and on day two Facebook buys for ONE BILLION DOLLARS.
WalkorStalk - Put yourself forward as a Walker or a Stalker. Then match up with someone at a certain time and place where the stalker can follow the walker for hours. Geo location enabled and it doesn't take off - however that doesn't stop Facebook acquiring it for ONE BILLION DOLLARS.
MugJournal - this massive new social network site gets shut down by Facebook as overnight it sends Cease or Desist actions to two a and a half million sites that have the word Face or a derivative of (e.g. Mug) or have the word Book or derivative of (e.g.. Journal) Overnight Facebook accounts for 65% of all internet traffic.
FriendSwap - allows you to discard friends you no longer want and allows you to swap them with people who don't have many friends. Facebook acquires for ONE BILLION DOLLARS and then sets a maximum number of friends limit of 250.
Thats not all -
Facebook turnover becomes greater than the US GDP at 15 Trillion. As a result of this and lobbying, the next presidential election is voted on by the largest number of Likes against each candidate. Mark Zuckerberg becomes President.
[Note to self - must stop writing a load of rubbish whenever stuck at home with sick children]
@spankyhurst
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