Facebook, the Silicon Valley rebel that rebuffed Yahoo's 10-figure check, broke rules, and had the audacity to imagine itself taking over the web, has officially completed its transition from "cool" to "corporate" in the eyes of the Internet.
551-day-old app Instagram sold for a billion dollars, while the 116-year-old New York Times is valued at $967 million. But it's stood the test of time in a way that not even the greatest social network will be able to.
The beauty and the magic of the app space right now is that the barriers to entry are still small and the distribution platform so immense, that a company none of us have even heard of today could be acquired for billions by year-end.
While we have yet to see operationally how this deal with play out, we may see more quickly in the court of public opinion what happens. For now, if users are unhappy with this recent move, maybe it's time to try Hipstamatic?
With apps like Instagram and Hipstamatic, the un-authenticity is right out in the open. Even mundane objects look covetable once they've been filtered through "Nashville," "Toaster," "Earlybird" or "Lo-fi."