Facebook Buys Instagram For $1 Billion Dollars. Why It Makes Sense...
While the entire tech world comprehends the news that Facebook is buying photo-sharing app Instagram, check out this sharp analysis from Dan Frommer:
Pretty sweet deal for the Instagram team. But it’s also a brilliant move for Facebook.
- Not only does it now own an insanely fast-growing (and arguably, the most exciting) social network…
- …And the (tiny) team that built it.
- But Facebook just took down its no. 1 threat, too.