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Wanna know how much a good idea is worth? FB just bought Instagram for $1,000,000,000!

Discussion in 'BlackHat Lounge' started by turbopugsleylx, Apr 9, 2012.

  1. turbopugsleylx

    turbopugsleylx Jr. VIP Jr. VIP Premium Member

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  2. Ryna1

    Ryna1 Registered Member

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    Exactly. Never Give Up.

    I wish this on anyone from BHW actually.
     
  3. Comic

    Comic Regular Member

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    I just read that. Crazy.
     
  4. bk071

    bk071 Jr. Executive VIP Jr. VIP Premium Member

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    You never know how much an idea is worth until you bring it to life...
    Who would have thought instagram would make the developers 1 BILLION DOLLARS?

    The key is being innovative, taking action and never EVER giving up!
     
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  5. closeout

    closeout Newbie

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    1billion..crazy
     
  6. TrevorB

    TrevorB Jr. VIP Jr. VIP Premium Member

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  7. ljt3759

    ljt3759 Regular Member

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    Saw this on digg earlier, pretty amazing! Personally I think 1$ billion is too much.. 250$ million would have been fine for both sides.
     
  8. teeniegenie

    teeniegenie Supreme Member

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    Instagram is easily monetize-able and helps FB get a "cool" factor they've struggled to obtain on their own. The price may be a bit steep but it is still a decent purchase IMO.
     
  9. turbopugsleylx

    turbopugsleylx Jr. VIP Jr. VIP Premium Member

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    Even crazier is 3 years worth of work building Instagram (I think) was worth 1 billion dollars to them!
     
  10. Anton91

    Anton91 Junior Member

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    and that $1bil is going to split between 9 people. Wow
     
  11. Codythebest

    Codythebest Senior Member

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    Time to uninstall my instagram app, like millions of others will do...
     
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  12. jon_xx_x

    jon_xx_x Jr. VIP Jr. VIP

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    Can someone explain what it is exactly and what makes it so special? I see it's about sharing pictures, but why is it so popular? Ive actually only heard of it about a month ago.
    I have a BB, and not really into sharing pictures which is why I'm not familiar with it.
     
  13. jamunkala

    jamunkala Regular Member

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    It is not more than a rich guy's desire to buy something(anything) at any price he wants.
     
  14. jayjaymoney

    jayjaymoney Junior Member

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    I think that was a good purchase by Facebook. Now who will get pinterest? the Big G?
     
  15. techcrunked

    techcrunked Regular Member

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    seems like facebook made a shit deal. a billion for instagram? how could they possibly monetise instagram to justify the billion dollar cost? Facebook is a business after all. would have been much better if they had spend that $bill to build something from the ground up, which might have actually turned out to be useful. Or maybe they should have used that money to sue the idiot who came up with the idea of friggin' timelines.
     
  16. jon_xx_x

    jon_xx_x Jr. VIP Jr. VIP

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    Ask GOogle how that worked for them with Google+
     
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  17. Madruga

    Madruga Senior Member

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    Amazing... it's obv. that FB bought it because they know how it can be improved or adjusted for their benefits, and maybe ours. Point is, I hope that someone from BHW will one day go this far and tell the world that this place..actually not, omg not xD I hope someone will get it big like this, but not revealing the 'mother home'.
     
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  18. jayjaymoney

    jayjaymoney Junior Member

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    Can't you just buy something because you like it? I'm sure you've done this before. :147:
     
  19. mrtwister_65

    mrtwister_65 Regular Member

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    Pocket money well spent. :congrats:
     
  20. ExecutiveCloser

    ExecutiveCloser Regular Member

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    Okay so they took out a 5 billion dollar loan and have already spent 1 billion. Any ideas what the other 4 billion will go to?

    Edit: i forgot they did make one billion selling names/birthdays to walmart last year.