Art.com is “the world’s largest online specialty retailer of high-end wall art.” Zenfolio offers “online photography presentation and sales solutions for professional photographers and enthusiasts.” Knowing that, Zenfolio’s acquisition by Art.com announced earlier seems like a match made in sales heaven. Read more…
A couple of weeks ago, Facebook took everybody by surprise when they acquired Instagram; the massively popular — though not yet profitable — photo-sharing application. A few days ago we learned that they may have only just beat Twitter to the punch. Now rumors are flying about that Mark Zuckerberg not only acted on his own — without the Facebook board’s knowledge — but managed to lower Instagram CEO Kevin Systrom’s asking price from $2 billion to the reported $1 billion that Facebook shelled out. Read more…
Facebook may have been the victor in the race to acquire Instagram, but it wasn’t the only runner. The New York Times writes that Twitter had been interested in snatching up the service in the months leading up to the $1 billion buyout.
Mr. Systrom may have lost one connection in the deal: Mr. Dorsey of Twitter. His company, according to several people briefed on the matter, had expressed interest in buying Instagram in recent months. Mr. Dorsey once used Instagram daily to send photos to Twitter, but he has not been back since the deal was announced, perhaps a sign that he is not happy to see it in the hands of a competitor. A Twitter spokeswoman declined to comment.
Here’s a crazy fact: in the 10 days after launching for Android, Instagram’s member count skyrocketed from 30 million to 40 million — a million new users each day. Rob Haggart writes that Instagram joins the Kodak Brownie as the next great photography disruptor.
Image credit: Facebook koopt Instagram. by Stijn Vogels
When it was announced that Facebook would be acquiring Instagram back on Monday, the web balked at the $1 billion price tag and started shouting “bubble”. Is it really indicative of another tech bubble, or was it a smart move on Zuckerberg’s part? Andy Baio — the founder of Upcoming.org, which was purchased by Yahoo — has written up an interesting article over at Wired that takes a look at the numbers. For a billion bucks, Facebook snagged a startup with a whopping 35 million users and just 13 employees. This means that Instagram had a relatively cheap cost-per-user price and a ridiculously high cost-per-employee price.
Instagram’s Buyout: No Bubble to See Here [Wired]