Is Facebook’s acquisition of Instagram the end for Flickr?

Facebook’s acquisition of Instagram for such a large amount of money suggests the company is of significant strategic importance, but how specifically.
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Firstly, Facebook is already used by millions to upload photos so Instagram further reinforces this position in a market place already congested with picasa (rapidly becoming Google+), Flickr, picplz and many others.

Secondly, Instagram is a good source of location data and could potentially be a way of boosting Facebook’s poor efforts in this area.

Alternatively, facebook could simply be acquiring a competitor to “mothball” it. nike air max cheap uk mens

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