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mobile development

Instagram Sells For $1 Billion

This article discusses the deal Facebook has made in buying the app, Instagram, for $1 Billion. It explains the math behind the company and its business practices, especially since as an app, Instagram doesn’t bring in revenue from its users.

http://www.npr.org/2012/04/10/150372288/instagram-sells-for-1-billion-despite-no-revenue

One reply on “Instagram Sells For $1 Billion”

I think the fact that Facebook bought any app for $1 billion is absolutely crazy, but awesome at the same time. I predict the app gaining more Facebook-like qualities, like being able to view Profile Pictures full-screen and maybe even the color theme will change to blue.

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