Facebook to Acquire Instagram for $1 Billion

Instagram, an extremely popular photo sharing app for iOS and Android, has been acquired by Facebook today, according to a blog post by Kevin Systrom, the CEO of Instagram. Facebook apparently spent $1 billion in a combination of cash and stock shares on the photo sharing service. If you’re worried that the service will completely disappear or something, the CEO says it’s “not going away” and that they’ll be “working with Facebook to evolve Instagram and build the network.” Coverage continues after the break.

Mark Zuckerberg, the CEO of Facebook, says that they will be “able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.” In an announcement, Zuckerberg explains some of the social network’s hopes for expanding Instagram.

For years, we’ve focused on building the best experience for sharing photos with your friends and family. Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.

We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on Instagram’s strengths and features rather than just trying to integrate everything into Facebook.

What does this mean for you as a Facebook user? Well, for one thing, you will likely have better integration of the service than users of Twitter. Hopefully Facebook doesn’t ruin this photo sharing service because it’s always been tremendously popular in the past. Systrom assures that “the Instagram app will still be the same one you know and love,” though many are doubtful of this seeing as Facebook has very unstable mobile apps and their privacy has been questionable in the past.

Backing up and deleting your Instagram

So maybe you don’t like the thought of Facebook having access to your private pictures or information that’s store on Instagram. All you have to do is delete your account, but before you do that it’s a good idea to back everything up. To do so, just navigate to Instaport and have the service generate a .zip file of all your pictures so that the memories will stay with you.

When you’ve backed everything up, if you’re sure that you really don’t want Facebook to have any of your info, pictures, or anything, then head over to Instagram’s account deletion page. Your account will be deleted immediately, so make sure you want to do this!

So what do you think about this acquisition? Are you excited for it or are you sad to see Instagram fall into Facebook’s hands?

[Instagram]

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