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Old 04-09-2012, 03:49 PM   #1
Rob Williams
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Default Facebook Acquires Instagram for $1 Billion

Own a social networking service that has a lot of users but generates no revenue? Some might think that there'd be little hope in a sale, but Facebook's most recent purchase proves that the unlikely can happen. The company just paid a cool $1 billion for photo sharing / editing service Instagram, a deal that has many scratching their heads. Despite the huge purchase price, Facebook is planning on keeping Instagram separate, remaining as a standalone app.


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Old 04-09-2012, 04:33 PM   #2
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Because they can.
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Old 04-15-2012, 09:57 PM   #3
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Originally Posted by Greg King View Post
Because they can.
Haha, that pretty much sums it up honestly.
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