LinkedIn and Google+ Updates and is Instagram Worth $1 Billion? | This Week in Social Media

Is Instagram Worth $1 Billion?

Just one week after rolling out an Android version of their popular photo sharing iPhone application, Instagram was purchased by Facebook for $1 billion. The Android version saw more than five million downloads in just under a week, which helps explain why Mark Zuckerberg and team decided Instagram was a major competitor to Facebook’s own photo-sharing service and mobile applications. It remains to be seen whether Facebook will fully integrate Instagram into its services or whether Instagram will stand as a separate entity, similar to the relationship between Google and YouTube. Forbes

LinkedIn Adds New Tools

A new tool on LinkedIn allows companies to segment their followers through a program called “Targeted Updates,” then track their behavior with a statistics tool. This targeted marketing and pinpoint analytics is currently being tested by AT&T, Samsung Mobile, Dell, and Microsoft, and should be available to all LinkedIn users sometime this year. LinkedIn

Google+ Adds New Features

Google+ rolled out new features and a new look on Wednesday. The design is visually similar to Facebook’s Timeline, with larger photos and a headline image, and in the coming weeks Google plans to integrate customizable apps and navigations bar. Google+ now has over 170 million users, and the Hangouts feature is rich with potential for both business and personal us. Don’t sleep on the Internet giant just yet. TechCrunch

What social media news did you see that’s got you thinking this week? Leave a comment and let us know what’s on your mind.