Today Facebook announced that it would be acquiring Instagram, a wildly popular photo sharing mobile app that has accumulated nearly 30 million actively engaging users.
Both Facebook CEO Mark Zuckerberg and Instagram CEO Kevin Systrom shared the thrilling news earlier today.
We could not be more excited for our good friends Kevin and fellow co-founder Mike Krieger (who were Stanford classmates of Hearsay Social founders Clara Shih and Steve Garrity), nor for Facebook on the timely acquisition of one of the hottest and fastest-growing social communities on the planet. The move shouldn’t be surprising given Facebook’s growing focus on mobile, and the incredible mobile uptake and engagement Instagram has cultivated in such a short amount of time.
Mobile and social are the future of the Web, and photos and other highly shareable content are at the center of this.
Photo courtesy of @facebook on Instagram.