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Incase you haven't heard Facebook Just .....

Discussion in 'BlackHat Lounge' started by GreenGoblin, Apr 9, 2012.

  1. GreenGoblin

    GreenGoblin BANNED BANNED

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    http://news.cnet.com/8301-1023_3-57411339-93/facebook-likes-instagram-with-$1b-price-tag/
     
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    Last edited: Apr 9, 2012
  2. Bonafide Jones

    Bonafide Jones Registered Member

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    I have no idea what Instagram is
     
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  3. Dark Knight

    Dark Knight Jr. VIP Jr. VIP Premium Member

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    damn i am kinda surprised they paid 1B :35: but its a win win for instagram though :dog_walk1
     
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  4. nam6641

    nam6641 Supreme Member

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    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.
     
  5. Fwiffo

    Fwiffo Power Member

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    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?
     
  6. BlackxHat

    BlackxHat Power Member

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    pretty amazing, Instagram. less than 2 years old. only 10 employees, gets brought out for $1B.
     
  7. ShadeDream

    ShadeDream Elite Member

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    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.
     
  8. seany

    seany Regular Member

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    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