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