Instagram Sells For $1 Billion, Despite No Revenue
By: Steve Henn
April 10, 2012
The technology world is abuzz over Facebook's $1 billion deal to acquire the photo-sharing app Instagram. Two years ago Instagram didn't exist. Some reasons behind the company's meteoric rise: apps are everywhere and Instragram took advantage of the moment with a playful, easy-to-use service. Now Instagram's fans wonder whether its identity will be retained.
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