I like Instagram, I have since it launched on the iPhone a few years ago. However I was surprised to read that Facebook have just paid $1bn… $1bn for a company that has never made any money!
Instagram never developed a financial model, it survived on investment from venture capitalists which now seems a brilliant idea as they just waited to be snapped up by Facebook.
But what will happen to Instagram now? Will it stay as a standalone app or will it be incorporated into the Facebook app sometime in the future? Will it lose the ability to post your pictures cross-platform, ie twitter or Flickr? No one knows yet, all I hope is that instagram continues to be an excellent little photography tool, that enables anyone to spice up their photo’s easily!