Day in Tech History

April 9, 2012: Facebook Purchased Instagram


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<img width="486" height="489" data-tf-not-load src="https://dayintechhistory.com/wp-content/uploads/2013/04/Facebook-buys-Instagram-DITH.jpg" class="attachment-full size-full wp-post-image" alt="Instagram Facebook" decoding="async" srcset="https://dayintechhistory.com/wp-content/uploads/2013/04/Facebook-buys-Instagram-DITH.jpg 486w, https://dayintechhistory.com/wp-content/uploads/2013/04/Facebook-buys-Instagram-DITH-150x150.jpg 150w, https://dayintechhistory.com/wp-content/uploads/2013/04/Facebook-buys-Instagram-DITH-298x300.jpg 298w, https://dayintechhistory.com/wp-content/uploads/2013/04/Facebook-buys-Instagram-DITH-65x65.jpg 65w" sizes="(max-width: 486px) 100vw, 486px" />

<img decoding="async" class=" wp-image-21331 " data-tf-not-load src="http://vid.geekazine.com/dith/uploads/2013/04/Facebook-buys-Instagram-DITH-298x300.jpg" alt="Instagram Facebook" width="209" height="210" srcset="https://dayintechhistory.com/wp-content/uploads/2013/04/Facebook-buys-Instagram-DITH-298x300.jpg 298w, https://dayintechhistory.com/wp-content/uploads/2013/04/Facebook-buys-Instagram-DITH-150x150.jpg 150w, https://dayintechhistory.com/wp-content/uploads/2013/04/Facebook-buys-Instagram-DITH-65x65.jpg 65w, https://dayintechhistory.com/wp-content/uploads/2013/04/Facebook-buys-Instagram-DITH.jpg 486w" sizes="(max-width: 209px) 100vw, 209px" />April 9, 2012: Facebook buys Instagram

2012 – Facebook – trying to get a hold on photosharing – decides to not wait for their iPhone app to come out but instead purchase Instagram for 1 billion dollars ($300 million and 23 million shares of Facebook stock). The reason Facebook made the purchase was for the close to 50 million Instagram users. Facebook had plans to keep both companies separate, but found later that joining the two via databases would help both companies grow.  The companies finalized the deal on September 6, 2012.

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    Day in Tech HistoryBy Jeffrey Powers

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