Facebook Releases Instagram Clone, Two Months After Acquisition 138
redletterdave writes "Six days after the company's IPO and two months after it acquired photo-sharing app company Instagram for $1 billion, Facebook debuted a photo app of its own on Thursday, called Facebook Camera. The app is now available as a free download in the App Store, and it's currently only available for iPhone and iPod Touch owners. Facebook Camera is set up very similarly to Instagram and includes most of the same features (including photo filters), but Dirk Stoop, Facebook's product manager for photos, said Facebook was working on this application long before the Instagram acquisition on April 9."
Re:No wonder shares are dropping (Score:4, Informative)
And what exactly does your own inability to find a use show? I've toyed with Instagram and still use it to upload some images to FB/Twitter etc; that doesn't prove much of anything. A lot of people use Instagram, they evidently have found something about the concept that isn't redundant.
Personally I see nothing worrying about Facebook doing this. They probably started devoping it before they acquired Instagram. Generally dev costs aren't that huge and this allows them to try different functionality/integrations on the two platforms while taking the best of each and incorporating it into the other.