Facebook buys Instagram for $1 Billion dollars!

Do you use the Instagram app?

Do you use the Instagram app?

Would you say that Facebook made a smart maneuver in buying this 2 year old company for $1 billion dollars?

Do you think Apple,with all cash it has in the coffers, was asleep at the wheel in not buying this company?

Why do you think FaceBook paid double the recent value of the company that has a free app and no revenues?

Would you say the dot.com bubble of the late 90's is back? (i.e. companies with significant user base, low profit margins and/or negative cash flow, having incredible market cap)

05/15/2012 Technology 179 4 By: jackieb

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By: jackieb