Mark Zuckerberg Mark Zuckerberg

Facebook Buys Instagram for $1 Billion

Mark Zuckerberg makes billion-dollar deals. His recent conquest? Instagram.

For roughly $1 billion in cash and stock, the social networking titan has snatched up the popular photo-sharing app to build it independently and create the best photo-swapping experience. The Facebook head says, “For years, we’ve focused on building the best experience for sharing photos with your friends and family. Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.”

It didn't take long for the news to captivate the Internet. Twitter exploded with praise for the young, geeky millionaire and his latest venture. If you're still hype about Instagram for Android, anticipate even more technically forward advances with this collaboration.

Read the full official announcement on the next page...

I'm excited to share the news that we've agreed to acquire Instagram and that their talented team will be joining Facebook.

For years, we've focused on building the best experience for sharing photos with your friends and family. Now, we'll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.

We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on Instagram's strengths and features rather than just trying to integrate everything into Facebook.

That's why we're committed to building and growing Instagram independently. Millions of people around the world love the Instagram app and the brand associated with it, and our goal is to help spread this app and brand to even more people.

We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience. We plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook.

These and many other features are important parts of the Instagram experience and we understand that. We will try to learn from Instagram's experience to build similar features into our other products. At the same time, we will try to help Instagram continue to grow by using Facebook's strong engineering team and infrastructure.

This is an important milestone for Facebook because it's the first time we've ever acquired a product and company with so many users. We don't plan on doing many more of these, if any at all. But providing the best photo sharing experience is one reason why so many people love Facebook and we knew it would be worth bringing these two companies together.

We're looking forward to working with the Instagram team and to all of the great new experiences we're going to be able to build together. -Mark Zuckerberg 

From the Web

More on Vibe

Tommaso Boddi/Getty Images)

Kelly Rowland Says Her Highly-Anticipated Project Is "Definitely Coming"

Six years ago, Kelly Rowland released her fourth studio album titled Talk a Good Game. The project boasted hit singles like "Kisses Down Low" and the transparent "Dirty Laundry." Now, the Houston native is preparing to release a project that'll surely satisfy fans' patient earbuds.

In an interview with Billboard, Rowland shared her hopes for putting out a new body of work and the pressure that she's encountered since she's been in the studio. "This is by far the longest, most pressure-filled process ever, only because I know what it's supposed to be and I have been so hard on myself. I know it," she said. "And it's the first time I've said it out loud. I've been extremely hard on myself. But it's definitely coming, and I'm more so excited about this project than anything else."

The news follows the recent release of Rowland's "Kelly" track, which was met with critical acclaim in November 2018. In addition to preparing the release of new music, the "Motivation" singer discussed fans' wish for a Destiny's Child reunion. The rumors have been fueled by social media photographs of Rowland with either Beyonce or Michelle or all three, especially during Beyonce's past Coachella performance. But Rowland assures readers that it's not what they think.

"It's so funny. I guess every time people see us together, they just see music but I see sisterhood, and that's what we are and that's what me, her, Michelle [Williams] and Solange and I are. People see us all together, they immediately think music. I'm like, no. Just family." As Rowland previously mentioned Solange, she hopes to one day work with her again.

"I'm a huge fan," she said. "I love her writing and how detailed and particular she is. I always wanted to figure out how the heck she has so many different layers of harmonies when she is constructing these vocals, and it's so complex but simple. It's genius. It's the genius in her genius mind that she has in there." One of the last times the pair collaborated was on Rowland's "Simply Deep" track off her debut solo album of the same name. Solange also penned a few songs off the same project. Fast forward to 2016, and Rowland's vocals were featured on Solange's iconic A Seat at the Table.

Continue Reading
Gabe Ginsberg/Getty Images

Teyana Taylor To Pay Homage To Ballroom Culture In "WTP" Video

Teyana Taylor aims to keep her hot streak of innovative videos coming thanks to this recent announcement. Taking to Instagram on Wednesday (Jan. 9), the "Gonna Love Me" singer will show adoration to ballroom culture in the visual for "WTP."

Directed by Gregory "Beef" Jones, The Aunties Inc., and Taylor herself, the Harlemite takes viewers on her journey to the expression-filled space where she hopes to rack up 10s across the board from a group of judges. The premise of the video also seems to follow a mockumentary format airing on a fictional network named FEMTV. Alongside Taylor, other men and women get ready to display their talents and confidence on the ballroom floor.

"WTP" is featured on the mother-of-one's sophomore album, K.T.S.E., which was released in June 2018. While the rollout's controversy didn't entirely muddle the excitement behind the project's debut, Taylor said she was sold on the idea that her album would be treated as the biggest out of G.O.O.D. Music's string of releases last year.

"I didn't know ahead of time that there wouldn't be any singles or visuals. But I knew that it was going to be the five-album thing," she said during a HOT 97 interview. "[Kanye] wanted [my album] to be last, he wanted mine to be the biggest. That's the way they sauced it up. I was sold."

The video will debut on Jan. 19. Check out the teaser below.

 

View this post on Instagram

 

👀 1.19.19 👀 #WTP Directed by @teyanataylor & @ogbeefjones @theauntiesinc 🙏🏾🙌🏾🙏🏾 The wait is ALMOST over. 😏 @museumofsex

A post shared by Jimmy Neutch- Shumpert (@teyanataylor) on Jan 8, 2019 at 6:32pm PST

Continue Reading
Getty Images

Trina Braxton’s Ex-Husband, Gabe Solis, Dies After Battle With Cancer

Gabe Solis, the ex-husband of Trina Braxton, lost his battle with cancer, Thursday (Dec. 20),  TMZ reports. He was 43.

Solis passed away at his home in Texas, surrounded by friends and family, according to the outlet. No official details have been released about his passing.

Solis had reportedly been keeping his cancer battle private. His death came as a shock to his loved ones. On Friday (Dec. 21), Braxton seemingly mourned the loss of her ex-husband with a cryptic Instagram meme reading, “I need a hug..E bottle of wine.”

The former couple tied the knot in 2003, and appeared together on previous seasons of WEtv’s Braxton Family Values. Despite finalizing their divorce in 2015, Braxton and Solis confronted lingering issues from their marriage during an episode of Iyanla: Fix My Life, earlier in the year.

Braxton has since moved on to a new relationship, but remained friends with Solis.

 

View this post on Instagram

 

A post shared by Trina Braxton (@trinabraxton1) on Dec 21, 2018 at 9:49am PST

READ MORE: Phaedra Parks To Join 'Braxton Family Values' Cast

Continue Reading

Top Stories