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Post by CMF Newsman on Apr 10, 2012 7:18:20 GMT -5
Facebook is spending $1 billion to buy the photo-sharing company Instagram in the social network's largest acquisition ever. On the surface, that's a huge sum for a tiny startup that has a handful of employees and no way to make money. But the lack of a business model rarely dampens excitement about hot tech upshots these days. As Facebook has shown, itself without ads or revenue in its early days, money goes where the users are. Instagram lets people share photos they snap with their mobile devices. The app has filters that can make photos look as if they've been taken in the 1970s or on Polaroid cameras. Its users take photos of everything from their breakfast egg sandwiches to sunsets to the smiling faces of their girlfriends. www.wrcbtv.com/story/17365734/facebook-buying-instagram-for-1b
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Bryan Stone
Full Forumite
I'll give it six months.
Posts: 1,993
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Post by Bryan Stone on Apr 10, 2012 13:01:27 GMT -5
I don't understand why anybody would want to buy instagram.
I guess it's cool but what good is it for FB to own the company. And for a cool bill?
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Post by Justin Thyme on Apr 10, 2012 13:04:54 GMT -5
Instagram has the potential of becoming THE way to share photos with friends. Currently Facebook owns that title and doesn't want to lose it.
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Post by Gary on Apr 11, 2012 6:55:19 GMT -5
I just downloaded the app on Sunday and then it sells for a billion on Monday. Obviously, by the time I start using something, it is considered mainstream.
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Bryan Stone
Full Forumite
I'll give it six months.
Posts: 1,993
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Post by Bryan Stone on Apr 11, 2012 11:15:39 GMT -5
but for a billion dollars?
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Post by Half-Tard on Apr 11, 2012 16:04:04 GMT -5
Instagram has over a million users facebook wanted the numbers.
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Post by Gary on Apr 12, 2012 5:56:54 GMT -5
I just used it share a photo of my foot. This is what is going to a billion bucks these days?
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Post by Justin Thyme on Apr 12, 2012 8:18:19 GMT -5
but for a billion dollars? I didn't say Zuckerman made a good deal, just why he did it.
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