Facebook's Instagram deal: Can one app be worth $1bn?
Tech Business
Written by Danrok   
Tuesday, 10 April 2012 16:41

From the BBC:

One billion US dollars is a tidy sum of money.

It would buy you some some 2,100 Rolls Royce Phantoms. Or 200 million mosquito nets to fight malaria. Or the whole of the New York Times company (with $50m change to spare). If you are Microsoft, it buys you some 800 AOL patents to fight the next patent war.

Facebook boss Mark Zuckerberg choose to spend $1bn on Instagram, a small web start-up just under two years old, with 13 full-time staff who work on a single smartphone app.

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