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.
When Facebook bought Instagram for $1 billion earlier this month, casual observers scratched their heads. “A billion dollars for a company with a photo-sharing app and zero revenue? WTF?” But the acquisition was not all about the ap... 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