The $1 billion Facebook founder Mark Zuckerberg shelled out for Instagram in April was money well spent.
Instagram, a mobile-only photo-sharing app, had 30 million users at
the time of purchase. Tuesday, Zuckerberg said that number has grown to
100 million.
“They are killing it,” he said at the TechCrunch Disrupt conference in San Francisco.
Instagram, which officially became part of the Facebook empire last
week, will not be assimilated into the company’s infrastructure,
Zuckerberg assured fans of the service.
“Our mission with Instagram is we want to help them grow to hundreds
of millions of users,” Zuckerberg was quoted by TechCrunch. “We have no
agenda with making them go onto our
infrastructure.”
According to a Business Insider report, “after Facebook, which has
543 million monthly active users on mobile, and Twitter which has 140
million daily active users across all platforms, no social network is
close to as big as Instagram is on mobile.”
Pinterest, in recent months, has turned down acquisition offers above
$2 billion. If Instagram were still an independent company, the report
said, “it would surely be getting better offers than that.”
Post from: SiteProNews