Monday, April 09, 2012

Facebook to Acquire Instagram

http://newsroom.fb.com/Announcements/Facebook-to-Acquire-Instagram-141.aspx

As a 48 year old guy, I guess the proper reaction is - whuh? My next thought is - have we returned to 1999? A company that, as best I can tell, seems to basically break even is sold for $1 billion; largely because the enterprise value of the buyer is so ridiculous?

Wow.

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