
More than seven years have elapsed since Facebook bought Instagram for $1 billion. At the time, Instagram was known for its photo filters and was just reaping the rewards of dropping its Android version of the app. In hindsight, that was a spectacular deal for Facebook as Instagram now has over 1 billion monthly active users and some estimate that it takes in $2 billion a month in advertising recenue.
In October 2014, Facebook closed on its purchase of messaging app WhatsApp. The final price was over $21 billion. At the time of purchase, the messaging app was free ...
Saturday, 3 August 2019
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