Facebook Photo Bombs Instagram
Date: Aug 21 2012
Filed under: Technology, Facebook
If Instagram could do it all over again, maybe it would’ve blinked.
The leading photo-sharing app developer accepted a roughly $1 billion buyout bid from Facebook (FB) earlier this year, shortly before the world’s largest social networking website operator went public.
It seemed like a great deal at the time, but Instagram’s no longer a $1 billion company. As The New York Times‘ DealBook column points out, just 30% of the purchase was made in cash. Instagram’s owners accepted Facebook stock…
Facebook Photo Bombs Instagram originally appeared on DailyFinance.com on 2012-08-20T17:15:00Z.
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