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Facebook’s Instagram Acquisition & People’s Obsession With Photographs!

By on Apr 10, 2012 in Wisdom | 3 comments

The big story of the week is that Facebook has reached an agreement to acquire Instagram – arguably the most popular Appl on iOS for sharing photos. The more interesting part? Mark Zuckerberg is more than happy to shell out $1 billion to acquire the app maker company that does not make money! Instagram has, I’ve heard just 12 employees and that makes the per employee valuation of $100 million. Everyone on the planet secretly wishes they were the Instagram founders! Well, Instagram did manage to get over 30 million users on iOS (and growing) and even added 6 million Android users in just 6 days after the android version of the app. Another fastest growing startup in the silicon valley is Pintrest – a service that lets you pin photographs and share them with friends. The common thing between Instagram and Pinterest: Photographs! People are obsessed with photographs!...