Linked by Thom Holwerda on Mon 9th Apr 2012 18:09 UTC
Internet & Networking I hate when I have to report on stuff I just don't care about. However, it's big news, because for some reason I'm not particularly privy to, this photosharing service is more popular than god. Yes, Facebook has acquired Instagram. Update: "At the end of the day, that's what Instagram filters are: a crutch, a misguided replacement for a properly composed shot and a decent sensor."
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RE[2]: Comment by vivainio
by vivainio on Mon 9th Apr 2012 18:55 UTC in reply to "RE: Comment by vivainio"
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"6 employees, 1 billion usd.

For something facebook could code themselves for, say, 200k.

There is some loose money floating around usa right now.

They're paying for the brand and existing userbase. It's often cheaper to buy those than build them in a market space that's already occupied.

Facebook already got every user on the planet.

Also, to quote someone, do you know how much money 1bn is? ;)

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