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It has actually made me wonder why Instagram needs Facebook at all. If they had managed to stay independent, I'm sure they could have continued to do very, very
by pm90 8y ago
It has actually made me wonder why Instagram needs Facebook at all. If they had managed to stay independent, I'm sure they could have continued to do very, very well.
- woah 8y agoThey were bought by Facebook a long time ago. Who can say how they would be doing if that hadn’t happened?
- pm90 8y agoHonestly, the features that Facebook added isn't really innovative. I'm sure they must have a really nice, highly optimized backend and such but if SNAP can stay independent and IPO, I'm pretty sure Instagram could have managed to as well. If you think about it, SNAP would be doing a lot better if Facebook hadn't bolted on the stories feature on Instagram. The Facebook version of stories really really sucks. All in hindsight of course. But it seems like a shame, a real missed opportunity to create value and stay independent at the same time.
- ggg9990 8y agoFacebook’s value add isn’t features, it’s money (in the form of ad sales).
- mi100hael 8y agoInstagram was barely two years old when FB acquired them for $1B along with a promise to allow Ig to continue to operate independently. It'd be very hard for most founders/investors to pass up such a deal, particularly with an app that was even more of a one-trick-pony at the time.
- pm90 8y agoSNAP was offered bucketloads of cash and refused. WhatsApp agreed to be acquired but now both founders are gone. The impression I get about FB from these stories is that its pretty much a Faustian bargain to join them...