Tag: flotation
Facebook buys Instagram for $1 billion – Zuckerberg plans on keeping it as a separate brand
How about this for an Easter Monday bombshell. Facebook is to buy the popular photo-sharing smartphone app Instagram for $1 billion in cash and shares (£629 million). Launched in October 2010, Instagram has apparently 30 million users, uploading more…
Bubble fears as LinkedIn becomes first large social media site to join stockmarket
The valuation of LinkedIn has jumped 30% since the networking site was introduced to the New York stockmarket last Thursday, prompting fears that this is the start of a social media bubble. The site is now valued at around…
