The return of the silly season?

You may have heard. Facebook acquired Instagram for some ridiculously large amount of money.  But why? Instagram have never generated a penny (or cent) of revenue. 

This post suggests that the coming dominance of mobile internet access is the real reason behind this rather extravagant shopping spree.
  • http://twitter.com/Interconnector Ross Bradley

    You write: ” But why? Instagram have never generated a penny (or cent) of revenue.”

    It is sad that few really understand why this acquisition has been a ‘master-stroke’ made by Facebook. The reason is simple. They haven’t been told the full story. And people (these days) mostly go on, only what they are told. They have little time to think, for themselves. Understanding the big picture of what is going on does take some ‘thinking’.

    I do a lot of thinking. I enjoy doing so. As an emerging technology expert, I hope this can be of some help to both of you, Paul & Rob.

    http://seekingalpha.com/instablog/36191-lookingconfident/492891-why-did-facebook-pay-1-billion-to-buy-instagram

    Thanks.

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