"Pointless", that's your opinion. The Instagram purchase is yielding promising results for Facebook.
Interesting article but it doesn't really prove anything or make any points. In fact, it shares a similar view as mine as far as I can tell.
1. Instagram is not making money.
2. Zuck is not in a rush to capitalize on it, which means they don't know what it's for either.
3. Yes, the network is growing really fast, but so would any other property if it was suddenly tied directly to the largest pool of internet users in the world.
Meanwhile, this Touch ID thing has probably paid for itself and then some with this generation of 5s phones.
I'm not saying Facebook is dumb as I'm sure they'll figure out what to do with it eventually... I'm just saying it's a sad state of affairs when real technology is being valued less than a few lines of code that literally does nothing but share photos.