It is all over the web that Facebook as accuired Instagram for $1 Billion Below is one of the reason for Instagram's popularity: Instagram is a mobile-only photo-sharing app.It grew from 1 million... More...
This whole facebook/web 2.0 bubble is going to pop eventually. How much as instagram generated in revenue? A whole zero dollars? Yet the company is valued more than the New York Times? Give me a break.
Unfortunately, as we both know, value isn't dependent on how much a company actually makes.....otherwise Apple, Facebook, Google, etc wouldn't be worth anywhere near what they're valued at....
"I understand Instagram has 13 employees - so at $77m a head that makes it the most expensive business deal in history that I can think of." http://www.bbc.co.uk/news/technology-17658264 Someone did well in the deal! Let's hope the employees all owned shares. I personally can't see the point in an App that makes your photos look ****, but whatever.
Apple has not made $500 billion dollars.....their net worth (just over 1/2 trillion USD) is based on their stock. Apple actually has less in cash than Bill Gates spent last year.....at least according to the last article I read on Apple's market value. Google is in the same position. Their stock is valued higher than the balance of their bank account.