Discussion in 'BlackHat Lounge' started by GreenGoblin, Apr 9, 2012.
I have no idea what Instagram is
damn i am kinda surprised they paid 1B :35: but its a win win for instagram though :dog_walk1
just an insane valuation. they could have created a shell company, had a few of their coders create a similar app, and then post something to everyone's wall on FB about it.
they will never see that $1B back.
likely, however perhaps the easier way to compete with pintrest without buying it or starting their own similar service?
or maybe cheaper than letting google+ get a hold of it?
pretty amazing, Instagram. less than 2 years old. only 10 employees, gets brought out for $1B.
It is easier to purchase something that works and has a user base than to create something similar from complete scratch. Plus the acquisition alone will be a big advertisement for them.
Also its been stated that not all the $1b is actually cash, apparently its a cash + FB stock offer... and considering i read somewhere that FB could be worth $100B i doubt the Instagram owners got much stock for their money..lol
Separate names with a comma.