The big story of the week is that Facebook has reached an agreement to acquire Instagram – arguably the most popular Appl on iOS for sharing photos. The more interesting part? Mark Zuckerberg is more than happy to shell out $1 billion to acquire the app maker company that does not make money! Instagram has, I’ve heard just 12 employees and that makes the per employee valuation of $100 million. Everyone on the planet secretly wishes they were the Instagram founders! Well, Instagram did manage to get over 30 million users on iOS (and growing) and even added 6 million Android users in just 6 days after the android version of the app.
Another fastest growing startup in the silicon valley is Pintrest – a service that lets you pin photographs and share them with friends. The common thing between Instagram and Pinterest: Photographs! People are obsessed with photographs! Take out photos out of Facebook and I bet their user-base will shrink down to under 30%! Even the whole new ‘Timeline’ feature is all about photographs with timestamps!
…and people love watching each other’s photographs. I’ve seen people spend hours and hours watching totally strange people’s photos in albums. The most favorite being the ‘Wedding Album’. I’ve often wondered how one wedding album differs from the other. I hope you’ll agree with me that every wedding album looks almost the same, with same poses, the same dresses, people with the same expression, the same start and the same end. Yet, people love spending countless hours on watching stanger’s wedding album!
I find it totally stupid. What pleasures do you derive watching other people’s photos? Don’t you have a better job to do in the whole world?