"Why Facebook bought Instagram on the way to its $100-billion IPO"

[YouSendIt_Kyle]

http://www.latimes.com/business/technology/la-fi-tn-why-facebook-bought-instagram20120409,0,7157117....

[MarkWC]

Pretty crazy, just valued recently at $500 million when they closed their last round.  I do love instagram but WOW 1 billion dollars!

What does everyone else here think?

[G82Photography]

Kind of mind boggling that a product that was about 550 days old is worth more than an 116yr old institution:

http://thenextweb.com/insider/2012/04/09/at-a-market-cap-of-950-million-the-new-york-times-is-worth-... 

even more mind boggling was the reaction of some Apple users to Instagram's introduction to the android OS last week.

http://www.buzzfeed.com/katienotopoulos/iphone-users-disgusted-by-android-instagram

[Mark_YSI]

True, very crazy indeed!

[YouSendIt_Kyle]

Those iPhone user responses are the best! Reminds me of when people turn on their favorite bands once they sign a major record deal. Hilarious.