The Facebook buyout of Instagram that was first announced in April has now finally gone through, leading to celebratory blogposts from both sites. While short on details, it sounds like much of what goes on will be business as usual. The Instagram team described it as:
What makes this even more exciting is that our deal with Facebook has closed, which means we can now work together to evolve and build a better Instagram for everyone. While our team is making the short move to the Facebook offices, Instagram isn’t going anywhere. The Instagram app and its features will stay the same one you know and love, and we’ll keep working together to build a better Instagram for everyone.
As we said from the beginning, we are committed to building and growing Instagram independently. Instagram will continue to serve its community, and we will help Instagram continue to grow by using Facebook’s strong engineering team and infrastructure. We also can’t wait to work with the talented Instagram team to improve the mobile experience.
Since the deal was first announced, Facebook stock has dropped considerably, making the deal not worth the $1 billion it was originally valued at, instead estimated at closer to $750 million.
Instagram also announced that 5 billion photos have been shared with the service — how many you want to bet are of food?