Facebook Buys Instagram For $1 Billion Dollars. Why It Makes Sense...

April 9, 2012 — Club Texting

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.

Why?

  • 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.

 

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