Instagram is now worth 49 times what Facebook paid for it

Many baulked when Facebook head Mark Zuckerberg agreed to drop $1 billion on Instagram in April 2012. "That's $33 per user," said some; "there's no business model!" screamed others. Less than three years later and Citigroup now says Instagram is wort...



via Engadget RSS Feed http://ift.tt/1sPt7I7