Monday, 16 April 2012 08:14
‘So Facebook has bought Instagram, a company with a single product – a photosharing app – for $1bn in cash and (FB) shares. Just to put that in context, Instagram has been in existence for 18 months, employs 13 people, has 30 million users and has had a grand total of $7m in investment funding. Oh, and it has precisely zero dollars in revenue.’
Read more: A Billion Reasons to Beware of the Latest Dotcom Bubble
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