The Billion Dollar Drop?

It's been around for not much over 12 months, downloaded by nearly 30 million people across the world including the rich and famous; revolutionising the way we take and share photos. What am I referring to? Well that's easy; Instagram.

The Photo sharing app which has globally been downloaded by millions on Apple devices and most recently on Android phones, allows users to take photo's customise them and upload them onto social networking sites.

It seems as though the worlds networking giant Facebook has been paying very close attention to Instagram and its growth as reports in the past few days have revealed that CEO Mark Zuckerberg shocked the world by purchasing the app for a whopping one billion dollars!

Loyal Instagram fans aren't exactly pleased about the takeover, possibly out of a fear of what may happen but as of yet nobody really knows just why Zuckerberg and his team have made such a surprising purchase.

With its domination over the internet and the way in which its own networking site is being used and somewhat exploited by certain apps, Facebook has been touching a lot of nerves by pressing the big red button and shutting down millions of companies in the blink of an eye so naturally fears over the future of Instagram are rising  but perhaps it was just a case of superior technology that Zuckerberg just could not resist and with his bank balance we can't imagine that it took a lot of thinking!

The story does however get just a little bit intriguing as a result of the link between the Facebook CEO and Instagram founder Kevin Systrom who many outlets are reporting go way back with Zuckerberg even having offered a job to Systrom not too long ago. Hmmmm…curiouser and curiouser.

Only time will tell whether Facebook will simply retain control over Instagram, adapt its technology or shut it down altogether although Mark Zuckerberg has released a statement declaring that the app would stay as it was but considering the networking sites history with apps we can only wonder what the future holds.

Either way, Zuckerberg is back in the headlines, Instagram just got that little bit more exciting and Kevin Systrom and his employees have become overnight millionaires….all in all not a bad day at the office!