Facebook buys Instagram for $1billion
2012 April 9
Facebook buys Instagram for $1billion!
I hear the bubble inflating! This seems kinda crazy, just last week Instagram closed a $50million dollar investment at a rumored $500million valuation. Nice way to quickly double your money. Instagram only has 10 or so employees.
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http://www.siliconbeat.com/2012/04/09/with-facebook-buying-instagram-for-1-billion-is-the-mobile-app-bubble-here/