My take on the Instagram Facebook acquisition

By Jeff Hilimire | April 10, 2012 |

Yesterday Facebook bought Instagram for a billion dollars. Last week, Instagram received funding that valued the company at $500 million. So the question is, why did Zuck pay double the valuation for Instagram? Mobile and photos. Instagram, like Path, is a mobile-only network. And Zuck, like many of us, knows that mobile is everything. And…

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