Last Week we blogged about the Rich Kids of Instagram #RKOI, this week the felines are flossing are on you as the 1 purrrrrrrcent.
Facebook values Instagram at $1 billion and LinkedIn (LNKD) has a market cap of $10 billion.
Twitter claims it is worth $8 billion. So where does that leave the new kid on the block Pinterest? Well, it looks like you can pin $7.7 billion on your Pinterest board.
Pinterest is important because the traffic is growing and statistics are impressive. It is known for its magazine quality images. Pinterest is to artful images what Twitter is to artful words. What’s more, Pinterest appeals to college-educated females between the ages of 25 to 44. A sweet demographic known for its spending decisions and habits.
Viddy, a fast-growing video-sharing application that is only second to Instagram in Apple’s App store, has just celebrated its first year anniversary with about 4.5 million users, including celebrities, including comedian Bill Cosby, Snoop Dogg and the band Linkin Park.
Not bad for a little start-up from Venice, California that began as an idea with Brett O’Brien, a 45 year old entrepreneur and former founder of Xdrive, an internet storage site.
O’Brien, one of the co-founders of Viddy, got the inspiration for the video sharing application when he started thinking about the several billion smart phones in the world – many of them with video cameras in them.
He thought what a great service it would be to consumers if he could come up with an application that would allow people to share videos complete with special effects and music from their phones.
Four months later Viddy was ready to be launched. On the first day of its launch — April 11, 2011— 4,000 people joined the service. A year later on its official anniversary, 300,000 people joined on that single day.
The social network has acquired Instagram, the popular photo-sharing application, for about $1 billion in cash and stock, the company said Monday. In a Facebook post on a profile page, the company’s chief, Mark Zuckerberg, said he planned to build Instagram independently from the social network. The move will allow users to post on other social networks, follow users not on Facebook, and to opt out of sharing on Facebook.
“For years, we’ve focused on building the best experience for sharing photos with your friends and family,” Mr. Zuckerberg wrote. “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.”
Mark Zuckerberg, the chief executive of Facebook, which is expected to go public next month.
Facebook announced today that it has reached an agreement to acquire Instagram, a fun, popular photo-sharing app for mobile devices.
The total consideration for San Francisco-based Instagram is approximately $1 billion in a combination of cash and shares of Facebook. The transaction, which is subject to customary closing conditions, is expected to close later this quarter.
AUSTIN, Texas — Photo-sharing app Instagram has nearly doubled its total number of registered users since December, Instagram founder Kevin Systrom (pictured above) announced Sunday at the South by Southwest conference.
Instagram, which launched two years ago, now boasts 27 million registered users, up from 15 million in December of last year, according to Systrom. Foursquare, by comparison, claims just under 20 million users, and was founded in March of 2009.