Facebook acquires Instagram (facebook.com)
recommended by 5 users | 2012 | 837 points by hunterowens | acquisitions | original thread |
5 users recommended this thread. What they said:
gojomo Jun 26, 2018 | on: Instagram Is Estimated to Be Worth More Than $100B | context

Fun to review how many HN commenters pooh-poohed the acquisition and price back in 2012:

https://news.ycombinator.com/item?id=3817840

ChuckMcM Jun 26, 2018 | on: Instagram Is Estimated to Be Worth More Than $100B | context

FWIW this is the HN response when Facebook acquired Instagram: https://news.ycombinator.com/item?id=3817840

Fun to see how well Amanda Peyton's comment held up.

rvz Oct 28, 2021 | on: Facebook Renames to Meta | context

It is been finally admitted.

Facebook Inc. aka Meta Inc. is going to kill Apple and put an end to the iPhone.

Going to watch this.

To Downvoters: Here's a reminder of how wrong the HN bubble was back then: [0] [1]

This is the same place that reacted to Facebook acquiring Instagram and WhatsApp to being the dumbest decisions Mark Zuckerberg made and now it became a $1T company with billions in profit and billions in monthly active users.

If users cared about privacy, why are they still on WhatsApp and Instagram and failed to move elsewhere? Exactly because the money, creators, social inertia and followers are still there.

We'll come back in 10 years and we'll see if you still like Apple and Google's walled gardens and 30% taxes.

[0] https://news.ycombinator.com/item?id=3817840&p=2

[1] https://news.ycombinator.com/item?id=7266796

lbrandy Apr 15, 2025 | on: Meta antitrust trial kicks off in federal court | context

It's fun to see everyone arguing about what "everyone" thought.. when... we can just... look... https://news.ycombinator.com/item?id=3817840 is a fun thread from 2012.

The top reply to the top comment has some useful quotes for the purposes of this discussion...

> This is not going to be one of the best tech acquisitions of the next decade.

> Instagram is a photo service in a sea of other photo services.

> Bookmark this comment. See you in 2022.

Heh.

disgruntledphd2 May 19, 2020 | on: Walmart says it will discontinue Jet | context

Instagram had like less than 20mn users when FB acquired it.

If you peruse the HN comments from the time, many of them were convinced that this was a waste of money (though not the top comment, interestingly enough): https://news.ycombinator.com/item?id=3817840