LOL remember when we all thought Facebook’s 2012 acquisition of Instagram for $1 billion was bananas? LMAO! Now Instagram is worth $100 billion! Ha ha ha!!
An analyst published the estimate for Bloomberg Intelligence on Monday. That’s a…wait for it…100-fold return on Facebook’s investment in the little photo sharing app with the square pics and some color filters. Turns out you can put a (very high) price on being cool.
Here’s some more fun: Instagram will likely hit 2 billion users over the next five years. Monetized content for all! Read more…
More about Facebook, Instagram, Snapchat, Mark Zuckerberg, and Tech
Source: Mashable | Instagram is worth 0 billion, and life is meaningless
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