If you knew what they were doing with the pictures uploaded to instagram, you would think that the $1bn price tag was a bargain.
Do some research into why they paid so much for it. It's not simply to share photos of peoples lunches. There are real (and scary) reasons why FB bought it.
It would be nice if you could site some examples of "real and scary reasons", instead of leaving it up to us to do our own research.
Agreed. I know Instagram was grabbing huge shares of the online photo storage/sharing market from Facebook and everyone else, but that in itself doesn't mean they have a sustaining business model.
While photo sharing is cool and fun, it is one of the most pointless activities we have to date. Imagine if all the narcissistic people have something to work towards... they'd be busy building useful things instead of taking pics selfies and their lunches.