Facebook is paying US$1bil cash to stock the photo sharing company Instagram.
On the surface, that's a huge sum for a tiny startup that has a handful of emplyees and no way to make money. But the lack of a business model rarely dampens excitement about hot tech upshots these days.
As for Facebook, itself without ads can grow more money where the users are. Instagram can upload photos and photos editing with their mobile device. The app got the filter make their photos like they were in 1970s and Polaroid cameras.
User take photos wherever they are. Even when they are eating their breakfast with sausage, egg and when their boyfriend and girlfriend having the sweet smile. In a year or little, Instagram attracted loyal and loving users base of more than 30 million people in the world.
While it was not immediately clear what portion of the Instagram acquisition price Facebook paid in cash, the price represents an "extraordinary" valuation, said Paul Deninger, senior managing director of investment banking firm Evercore Partners.
"There are no obvious traditional valuation metrics that justify this price," he said, though he noted that that did not mean that it would be a bad deal for Facebook.
0 comments:
Post a Comment