Posts tagged: Photo Viewing

Facebook Announces Agreement to Buy Instagram

David Haueter
 Apr 10, 2012

Facebook will be making the largest acquisition in its history when it acquires the incredibly popular Instagram photo app, a deal which was announced on Monday and should be completed in this quarter. Facebook has agreed to pay approximately $1 billion in cash and stock for Instagram, which has gained around 30 million users since it launched in January 2011. Instagram doesn’t have any significant sources of revenue, but reportedly closed a deal for $50 million in funding just last week (at a $500 million valuation — hello instant payoff!). Facebook will also acquire Instagram’s entire team of employees in the deal, which only consists of around a dozen people in the San Francisco area. Read more »

What on Earth Happened to MySpace?

Eve Padula
 Jan 5, 2011

As we move forward in 2011, Facebook has become synonymous with social networking. People of all ages are using the site to provide status updates, communicate with friends and family members, organize events, upload and share photos, and play games. As of July 2010, Facebook had over 500 million members. In fact, Wikipedia data confirms that if Facebook were a country, it would be the world’s third largest!

Not so long ago, a “little” social networking site called MySpace–maybe you’ve heard of it–was all the rage. In April 2008, InfoTrends conducted the research for its 2008 Online Photo Services End-User report. When respondents who uploaded their personal digital photos to the Internet were asked which site they used most often, MySpace captured the top spot (27%). Facebook followed in a rather distant second place (11%). Fast-forward to our 2010 survey (published in December 2010), and it becomes clear that the dominance has shifted. To be sure, this is putting it mildly. When our 2010 survey participants were asked which site they used most often for photo uploading, a whopping 59% reported uploading their photos to Facebook most often. Although it still captured the second place position, MySpace was cited by only 6% of respondents.

Site Used MOST OFTEN for Photo Uploading (2008-2010)

 

2008

2009

2010

Facebook

11%

30%

59%

MySpace

27%

23%

6%

Read more »

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