Wednesday, April 18, 2012

Why Facebook Bought Instagram lol

Intagram along with Facebook are both widely used mass media outlets. Facebook bought Intagram for nearly one billion dollars in cash and stock. This was double the amount of Intagram's origional market value earlier this year which was an estimate of nearly five hundred thousand dollars. Facebook's founder, Mark Zuckerberg says the reason for the purchase was to provide the best photo sharing that they cawn offer in the mass media world. Since both of the company are widely used, there may be a chance for future prospect. Which initially means an increase in revenue.