Logo Instagram
Logo Instagram

Facebook, which has around 850 million users, just purchased Instagram, which has 28 million users, for $1 billion, or $36 per user, nearly all of whom are already Facebook users.

Instagram is a photo sharing application for the IPhone. Instagram only recently created a version of their software for Android, probably because all of Instagram’s features are already built into Android.

So, in other words, what Instagram does is easily imitable and, for a lot less than $1,000,000,000, Facebook could have built their own, better Instagram for a lot less money and promoted it through Facebook.

Bad move, Zuckerberg.

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