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.
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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
Instagram on Tuesday announced iOS version 2.5, the first major upgrade to the social picture sharing platform since the company was purchased by Facebook CEO Mark Zuckerberg for $1 billion in April 2012. The new update includes som... Read Post