Facebook Acquires Instagram for $1 Billion

Rob Williams · 04-09-2012, 02:49 PM

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.

Read the rest of our post and then discuss it here!

Greg King · 04-09-2012, 03:33 PM

Because they can.

Rob Williams · 04-15-2012, 08:57 PM

Quote:

Originally Posted by Greg King

Because they can.

Haha, that pretty much sums it up honestly.

04-09-2012, 02:49 PM	#1
Rob Williams Editor-in-Chief Join Date: Jan 2005 Location: Atlantic Canada Posts: 13,231	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. Read the rest of our post and then discuss it here! __________________ Intel Core i7-990X EE @ 3.43GHz, GIGABYTE X58A-UD5, Kingston 12GB DDR3-1333, NVIDIA GeForce GTX 680 2GB Kingston HyperX 3K 240GB SSD, WD VR 1TB, WD 2TB, Seagate 2TB, LG BD-ROM, ASUS DVD-RW, Corsair 1000HX, Corsair H60 Cooler Corsair 800D, Dell 2408WFP 24", ASUS Xonar Essence STX, Gentoo (KDE 4.10, 3.7 Kernel) "Take care to get what you like, or you will be forced to like what you get!" - H.P. Baxxter <Toad772> I don't always drink alcohol, but when I do, I take it too far.

04-09-2012, 03:33 PM	#2
Greg King I just kinda show up... Join Date: Jul 2005 Location: Indiana Posts: 2,081	Because they can. __________________ "It is far better to grasp the universe as it really is than to persist in delusion, however satisfying and reassuring." - Carl Sagan System: Intel i5 2500K \| Gigabyte GA-Z68XP-UD4 \| 16GB G.Skill DDR3 \| Crucial M4 128GB SSD WD 1TB Black x1 \| WD 2TB Green x 1 \| XFX Radeonn HD 6850 \| Corsair H80 Water Cooler Fractal Design R3 \| Windows 7 Ultimate x64 \| Dell 2410 x 3 @ 1920x1200 ESXi Host: Intel i7 920 @ 3.0 GHz \| Gigabyte GA-EX58-UD4P \| 24GB Patriot DDR3 \| WD 1TB Black x 2

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