Now That Instagram Has Been Bought By Facebook

FRANKFURT AM MAIN, GERMANY - OCTOBER 06:  A pi...FRANKFURT AM MAIN, GERMANY - OCTOBER 06: A picture in remembrance of Steve Jobs, founder and former CEO of Apple Inc is pictured at an Apple Store, on October 6, 2011 in Frankfurt am Main, Germany. Steve Jobs, 56, passed away after a long battle with pancreatic cancer. Jobs co-founded Apple in 1976 and is credited, along with Steve Wozniak, with marketing the world's first personal computer in addition to the popular iPod, iPhone and iPad. (Image credit: Getty Images via @daylife)GigaOm: Here is why Facebook bought Instagram

I want Facebook to push Instagram to come up with a web version of the product. And I want to be able to do the Instagram effect thing to my Facebook photos. Not all of them, but those I choose.

That would be awesome.

Instagram: A Billion In Two Years

Facebook buying Instagram is Facebook admitting it is essentially a photo sharing site.

What is most remarkable about the Instagram story is that it has essentially been an iPhone app. That's it. I guess it is possible for one iPhone app to end up worth a billion dollars.

This transaction is a tribute to Steve Jobs.

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Another important thing Facebook could do is give each photo its own unique URL that is not a mile long. And the ability for anyone to embed that photo, if the photo is publicly shared.

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