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Facebook buys Instagram for $1 Billion

Terry

New member
Facebook buys Instagram for US$1-billion | FP Tech Desk | Financial Post

My opinion is that this program just offers a handful of image filters to make it more "film-like". I just don't see the sense of the $1 Billion valuation for a company founded in 2010 with one hit wonder, but maybe I'm missing something.

What do you think?
We've been talking about this at my office this AM (I'm at a tech startup). Yes, it is one hit and price is enormous. They do have 20mm users in that one year. This is a good writeup on the deal....

Kevin Systrom: Having His Cake and Eating It Too? | PandoDaily
 

jctodd

New member
I've seen it suggested that Facebook is spending the money to buy access to the 20/30 million Instagram users, not particularly the application itself.
 
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