The world is a'buzzing this morning with the big news: Facebook purchased Instagram for $1 billion . HUGE move: one of those seminal business moments that will mark a seismic shift. Hearkens back to the moment AOL bought Time Warner, or Netscape's IPO, or Google crossing the $400/share mark: all moments the landscape changed. In this case, the ramifications are many, but I want to highlight two. The first is the title of this post: this is truly the triumph of the echo over the voice. I've recently been wrestling with the perception dilemma of a feature vs. a product/company; there is a very good argument to be made that Instagram is nothing but a feature of Facebook: just a slightly better photo sharing. $1 billion is a lot to pay for a supposed feature, right? Here's where it gets interesting: there is a steady succession of companies who you could argue have taken a feature of other companies and turned it into a full product. For example, Twitter is, for all int...
A Tretakoff view of the world.