Facebook Buys Instagram For $1 Billion

Discussion in 'Social Media for Business' started by GekiDan, Apr 11, 2012.

  1. GekiDan

    GekiDan
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    Facebook had just bought stand alone app Instagram for approx 1 billion dollars.

    Source: http://techcrunch.com/2012/04/09/facebook-to-acquire-instagram-for-1-billion/
     
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  2. Business Attorney

    Business Attorney
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    When I read what they were paying (even if it is partially paid in Facebook stock), I was shocked. A photo-sharing app with 13 employees worth a cool billion dollars. Are we experiencing the Internet Bubble of the late 1990's all over again? I hope not, since my investment portfolio has just crept back up to its old levels after 13 years...
     
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