Instagram acquired by Facebook for $1billion

Instagram FB PageIn an announcement earlier today, actually from a post earlier today it was announced that Facebook would be purchasing the hugely popular photo sharing, editing site Instagram.  News of this immediately echoed around silicon valley and tech blogs everywhere, with the LA Times saying, on the news, “It’s about the only thing that could top Justin Bieber on Instagram.”  The app was recently launched on Android and blew past a million downloads in a day milestone due to the popularity of the iPhone app already having been around and hugely successful on that platform.  The news comes just as Instagram was looking to raise around $50mil in series B funding, which would have been led by Sequoia Capital just days before the acquisition news. Many outlets, including the SocialTimes is calling this a good fit for Facebook, “which is already benefiting from the photo-enhancing technology that Instagram users love when they’re taking pictures of their friends and family members to share online.”

About Geoff Simon

Geoff is owner/operator of Simon Search Marketing. He graduated cum laude with a B.S. in Business Administration from California State Polytechnic University in 2003. Geoff immediately secured employment as an account coordinator with Grey Direct West, (now G2 Direct & Digital) working for Bank of Americas online banking division. From there Geoff has worked in a search marketing capacity for companies including Intermark Group, Disney Interactive Media Group, and Toyota Dealers Association. During his time Geoff has worked on brands including Disney Family, Toyota, Lexus, National Geographic, Red Bull USA Events, That '70s Show and Carsey Werner.
Geoff likes ice-hockey, is a Chicago native and proud dad to his almost 1-year old son Cyrus.
Find Geoff on Google+, Facebook, LinkedIn, or follow his Twitter handle @geoff_simon

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