Is Your Picture Worth $1 Billion

Profile shown on Thefacebook in 2005

Profile shown on Thefacebook in 2005 (Photo credit: Wikipedia)

If you are wondering if your pictures are worth a 1 Billion dollars according to FaceBook it is because that is what Facebook paid for the mobile picture application Instagram.

Facebook has acquired photo-sharing app Instagram for approximately $1 billion in a combination of cash and shares of Facebook.

Now I was shocked to here this because honestly I have never heard of the application until Facebook purchased the platform.

This is causing some people to worry about their photos privacy and with Facebook privacy issues I can see why.

 

 

Thinking about hitting the uninstall button on your phone’s Instagram app since learning about Facebook’s acquisition of the company? You aren’t alone.

While the news may have vaulted Instagram to the top of the App Store charts, some customers have expressed unease about the deal and arelooking for alternatives.

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Now I have tried instagram not sure how this fits in from a marketers perspective but from a socialy having fun with Social Media I have opted out of instagram.

I would like to here your comments on this subject.

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