April 16, 2012

Why Facebook Is Paying $1 Billion For Instagram

 
 

Sent to you by nunok via Google Reader:

 
 

via AllFacebook by Guest Writer on 4/10/12

Instagram's traffic has steadily risen over the last six months, reaching 3.8 million last week, up from 68,800 visits for the week ending October 22, 2012. That kind of momentum explains why Facebook paid $1 billion for the photo sharing network with over 30 million users. continued…

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