Facebook Buys Instagram For $1B

[Steve williams]

Hmm there's even a picture of me there

http://www.forbes.com/sites/bruceup...s-instagram-for-1-billion-wheres-the-revenue/

 

[amirm]

Someone just made boatload of many. I take that back. A number of people just did.....

 

[Steve williams]

so now the stage is set

Google has Picassa

Facebook has Instagram

Yahoo has Flickr

 

[Phelonious Ponk]

A cool billion for an app. That doesn't make money.

Tonight we're gonna party like it's 1999...

Tim

 

[ack]

Facebook panicked - see this - and Instagram accepted the offer probably on the spot.

 

[RogerD]

Severly overpaid and probably bought at a "top".

 

[treitz3]

I could be way off base here but isn't this the same thing the oil companies do? Snuff out any kind of competition that could potentially cost them millions or perhaps billions in the short or long term.

 

[Phelonious Ponk]

I could be way off base here but isn't this the same thing the oil companies do? Snuff out any kind of competition that could potentially cost them millions or perhaps billions in the short or long term.

Nah. Instagram was no threat to Facebook. They weren't even a threat to Shutterfly.

Tim

 

[treitz3]

Perhaps but to pay that kind of dough, you think they knew something we don't know? These kind of decisions don't go lightly.