Facebook and Instagram announced Monday that the social network will acquire the photo sharing firm in a $1 billion acquisition deal. It is the largest known acquisition in the company’s history — Facebook disclosed in its filing to go public that it spent $68 million on acquisitions between August 2009 and February 2012.
The news prompted quick reaction from Instagram users who worried that Facebook would treat its newest acquisition like other companies it’s acquired in the past. The list includes companies such as Gowalla, Beluga and Snaptu — all of which shut down after being acquired by the social networking giant.
None of those services had quite as many users or as much buzz as Instagram, but all had strong followings of their own. Gowalla, for example, was estimated to have had about 1 million users when it was acquired by Facebook. Now the company’s home page only promises visitors that they’ll be able to download their data there in the near future.