Monday, April 09, 2012

Facebook Acquires instagram for a Billion Dollar

First off, congrats to the "instagram" team. I have been using the app on my iPhone since October '11. As a matter of fact, instagram was one of the reasons I have been wanting to update / upgrade to the new iPhone 4S.

But I have to admit that this is causing me to pause and think. They have developed this app, this most awesome app with about a dozen employees in about a year and a half and has $0 in revenue - all of a sudden they are valued at $1B.

- manzoor