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.
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
Sure, Mark Zuckerberg has gotten a lot wrong this year, but his wisest move in Facebook’s first year as a public company was his acquisition of Instagram for $1 billion. Seems like a pretty steep price tag for the popular image shar... Read Post