Why Is Instagram Worth $1 Billion?
The purchase of Instagram by Facebook has been covered extensively by all sorts of media outlets. And for good reason. $1 billion is a lot of money to pay for a small company that isn’t generating any revenue. The conversations have ranged from: “this is completely crazy” to “it’s a justified purchase” and every conceivable tangent in between. I’ve been giving this some thought myself and, I’ll...
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