11Apr/12Off

Instagram really worth $1 billion?

Facebook just announced that it purchased Instagram from $1 billion in cash and stock - what just happened here? Did we miss something? Is Facebook going to continue these purchases? I would bet yes, and here is why:

Facebook is a new media company that is about to go IPO; it is media offering is based on what it knows about you so naturally it wants to improve the quality of this information and create value for its share holders. Here is how it would do it: