Yesterday everyone was talking about Facebook acquiring Instagram for 1 Billion dollars. For the 8 developers who have been working on Instagram I have nothing but admiration and wish them the best. 1 Billion dollars is a whole lot of dough. I can only hope to have such an amazing offer to any of my future endeavors.

Now back to what’s on everyones mind, what the F@#& is Facebook going to do with Instagram? We are all wondering if they are going to ruin the application. Some already feel by Instagram being opened to android it took some of its exclusivity away… I don’t feel so strongly about it; however, they could have waited a little longer to announce the big news.

One thing is certain we have no idea what will Facebook do with the super fun and contagious application. I can only hope that Facebook doesn’t Fuck it up!

**Read the letter from Instagram’s CEO Kevin via Instagram’s Tmblr:
Instagram + Facebook

When Mike and I started Instagram nearly two years ago, we set out to change and improve the way the world communicates and shares. We’ve had an amazing time watching Instagram grow into a vibrant community of people from all around the globe. Today, we couldn’t be happier to announce that Instagram has agreed to be acquired by Facebook.

Every day that passes, we see more experiences being shared through Instagram in ways that we never thought possible. It’s because of our dedicated and talented team that we’ve gotten this far, and with the support and cross-pollination of ideas and talent at a place like Facebook, we hope to create an even more exciting future for Instagram and Facebook alike.

It’s important to be clear that Instagram is not going away. We’ll be working with Facebook to evolve Instagram and build the network. We’ll continue to add new features to the product and find new ways to create a better mobile photos experience.

The Instagram app will still be the same one you know and love. You’ll still have all the same people you follow and that follow you.You’ll still be able to share to other social networks. And you’ll still have all the other features that make the app so fun and unique.
We’re psyched to be joining Facebook and are excited to build a better Instagram for everyone.

Best,
Kevin

CEO, Instagram**

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