Tue April 10, 2012
Instagram Sells For $1 Billion, Despite No Revenue
The technology world is abuzz over Facebook's $1 billion deal to acquire the photo-sharing app Instagram. Two years ago Instagram didn't exist. Some reasons behind the company's meteoric rise: apps are everywhere and Instragram took advantage of the moment with a playful, easy-to-use service. Now Instagram's fans wonder whether its identity will be retained.