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It's worth that only because Google can easily pay it. Google's net income was $9 billion in 2011(http://en.wikipedia.org/wiki/Google http://en.wikipedia.org/w
by cube13 15y ago
It's worth that only because Google can easily pay it.
Google's net income was $9 billion in 2011(http://en.wikipedia.org/wiki/Google http://en.wikipedia.org/wiki/Google). According to Facebook's S-1 filing in February 2012, Facebook's net income for 2011 was... $1 billion(http://www.sec.gov/Archives/edgar/data/1326801/000119312512034517/d287954ds1.htm#toc287954_8 http://www.sec.gov/Archives/edgar/data/1326801/0001193125120...).
The real question still remains: Why is Instagram worth that much to Facebook?
- oh_sigh 15y agoBecause of the huge user base! (Of course, 95% of instagram users are already on facebook, but imagine if instagram uploaded your photos by default to G+)