April 16, 2012 With Instagram sold to Facebook for $1 billion and Facebook itself expected to be valued at up to $100 billion in its initial public offering, some feel they're reliving the last tech bubble. But some analysts say this time is different. The new generation of tech entrepreneurs tends to reinvest its winnings in even more ideas.
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April 13, 2012 Days after it was acquired by Facebook for $1 billion, reports have emerged that Instagram now has more than 40 million users in its photo-sharing community. The gain, which was derived from the service's API, represents a 10 million spike in Instagram's users in the past 10 days, according to Venture Beat.
A photo illustration shows the photo-sharing app Instagram's fan page on Facebook's website. Facebook is acquiring Instagram for some $1 billion.
Justin Sullivan/Getty Images
April 9, 2012 Facebook's decision to acquire Instagram for $1 billion set off strong reactions among Instagram users Monday, when the deal was announced. And if any of the photo-sharing service's fans were in love with the deal, they seemed to be keeping pretty quiet about it.
Facebook CEO Mark Zuckerberg.
Kimihiro Hoshino/AFP/Getty Images
April 9, 2012 The social networking site is paying a reported $1 billion in stock and cash for the photo-sharing app.
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