Facebook is dumping a whopping $1 billion for Instagram, a company that is less than two years old and has no revenue. Here are the numbers behind the purchase.
The internet world is still talking about Facebook’s $1 billion purchase of photo sharing service Instagram, which marked the biggest acquisition in its eight year history. This deal surely resulted in a nice payday for the people b... Read Post
It's a sign of the times. Mark Zuckerberg announced that Facebook has purchased photo app Instagram for $1 billion. The 13-person team at Instagram has not been able to generate revenue but was able to build a strong base of 30 mill... Read Post