Instagram is worth about 1 Billion?

For those who didn't have an iPhone (like me), Instagram might be something that you have never heard of... But you definitely must have known that, it is worth 1 Billion dollar now, at least from my title.

This is what Instagram really is, a cool photo-sharing app:

And,

Facebook just bought Instagram for 1 Billion dollar....

Do they really worth that much? I mean, they went from $0 to $1 Billion in just two years, I would say that is a bit too fast.

All that started Instagram was an actual goal. Combine social with photo sharing.

The CEO and the founder had made several other apps before Instagram, but those apps did not receive much popularity. Then they sit down and asks, what is missing? What is the market like?

They came to the conclusion that most of the popular apps on the market are missing the social aspect of photo-sharing, and they believe that connecting that with Facebook will be the sweet spot of the market.

Well, you know what, when they first launched the app, there were 25,000 users on the first day. Their goal of simplifying the process of photo-taking and social sharing made them have the following changes:

1. Simply User Interface that allows the users to share photos with just 3 clicks
2. Public and free app which requires no registration
3. Smooth transfer of the photo with speed

Instagram's idea was to make sharing as simply as possible, and looks like they are doing a good job so far.
This is also another trend that is showing that the Internet ecosystem is moving towards an open era where the sharing of information is largely promoted.

I have addressed that in my previous post about the power of user generated content, and photo here is definitely one of the largest one.

I will address more about that in the later post about Google Drive, the ultimate sharing cloud!