Why Instagram is worth $1B to Facebook(finance.fortune.cnn.com)
finance.fortune.cnn.com
Why Instagram is worth $1B to Facebook
http://finance.fortune.cnn.com/2012/04/10/why-instagram-is-worth-1b-to-facebook/
1 comments
The $30/user is just a valuation metric, not the acquisition justification. They bought it because mobile and photos are core to what Facebook does...and Instagram does it better than Facebook. A lot better.