Instagram

Instagram is a free photo sharing program launched in October 2010 that allows users to take a photo, apply a digital filter to it, and then share it on a variety of social networking services, including Instagram's own. A distinctive feature confines photos to a square shape, similar to Kodak Instamatic and Polaroid images, in contrast to the 4:3 aspect ratio typically used by mobile device cameras.

Instagram was initially supported on iPhone, iPad, and iPod Touch; in April 2012, the company added support for Android camera phones running 2.2 (Froyo) or higher. It is distributed via the iTunes App Store and Google Play.

On April 12, 2012, Facebook acquired the company (and its 13 employees) for approximately $1 billion in cash and stock, with plans to keep it independently managed.  

Description

 

Instagram – A beautiful way to share your world. It's fast, free and fun! 


Pick from one of several gorgeous filtered effects to breathe a new life into your mobile photos. Transform everyday moments into works of art you'll want to share with friends and family.



Share your photos in a simple photo stream with friends to see - and follow your friends' photos with the click of a single button. Every day you open up Instagram, you'll see new photos from your closest friends, and creative people from around the world.



History

 

Instagram development began in San Francisco, when Kevin Systrom and Michel "Mike" Krieger chose to focus their multi-featured HTML5 check-in project Burbn on mobile photography.

On March 5, 2010, Systrom closed a $500,000 seed funding round from Baseline Ventures and Andreessen Horowitz while working on Burbn.

The product launched in Apple's App Store on October 6, 2010. Shortly after the launch, Josh Riedel joined the company as Community Manager. 

Shayne Sweeney joined in November 2010 as an engineer and Jessica Zollman was hired as a Community Evangelist in August 2011.

In January 2011, Instagram added hashtags to help users discover both photos and each other. In September, version 2.0 went live in the App Store (iOS). It included new and live filters, instant tilt shift, high resolution photos, optional borders, one click rotation and an updated icon.

On February 2, 2011, it was announced that Instagram raised $7 million in Series A funding from a variety of investors, including Benchmark Capital, Jack Dorsey, Chris Sacca (through Capital fund), and Adam D'Angelo.The deal valued Instagram at around $25 million.

On April 3, 2012, Instagram for Android was released. That same week, Instagram raised $50 million from venture capitalists for a share of the company that valued it at $500 million. On April 12, Facebook acquired Instagram for approximately $1 billion in cash and stock. The deal, which was made just before Facebook was scheduled to go public, cost Facebook about a quarter of the cash-on-hand they had as of the end of 2011; the deal was for a company characterized as having "lots of buzz but no business model", and the price was contrasted with the $35 million Yahoo! paid for Flickr in 2005, a website which has since become among the 50 most popular in the world. Mark Zuckerberg noted that Facebook was "committed to building and growing Instagram independently", in contrast to its common practice of, as CNNMoney.com put it, buying "hot startups, kill[ing] their products, and redeploy[ing] their staff on other projects". According to multiple reports, the deal netted Instagram CEO Systrom $400 million based on his ownership stake in the business.
 

Popularity

 

Users

By December 2010, Instagram had one million registered users. In June 2011 Instagram announced it had five million users and it passed ten million in September of the same year. In April 2012, it was announced that over 30 million accounts were set up on Instagram.

Instagram announced that 100 million photos had been uploaded to its service as of July 2011. This total reached 150 million in August 2011.

Instagram's new Android version in Google Play crossed more than one million downloads within 12 hours.

Awards

• In January 2011, Instagram was the runner-up for "Best Mobile App" at the 2010 TechCrunch Crunchies.
• In May 2011, Fast Company listed CEO Kevin Systrom at number 66 in the "The 100 Most Creative People in Business in 2011".
• June 2011, Inc. included co-founders Systrom and Krieger in its 2011 "30 Under 30" list.
• In September 2011, Instagram won "Best Locally Made App" in the SF Weekly Web Awards.
• 7x7 Magazine's September 2011 issue featured Systrom and Krieger on the cover of their “The Hot 20 2011” issue.
• In December 2011, Apple Inc. named Instagram "App of the Year" for 2011.

     

  App Screenshots