Could Facebook's purchase of Instagram actually halt their rapid growth? Some Instagram users on Twitter are complaining this afternoon about Facebook buying the site, which already has 30 million users.
One user says, @Instagram was cool but I don't trust Facebook so I closed my account. Another, 'Not yet. As soon as it requires Facebook access or a Facebook account, it's going.' Another, 'I am deleting my account. I don't like F'book looking at every pic I take'..
It seems unlikely at this stage that this kick back will take away from the massive potential of this fast growing company. Another Twitter user points to the perhaps bizarre irony of using one social network to complain about another!
Can a company that has existed for 500 days, has only 13 members of staff and produces no revenue be worth $1 billion?
Facebook's founder describes it as "an important milestone" as he offers a huge price for a company with around a dozen employees.