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It is Intagram, not Infogram. And the purchase price was $1B, not $300M. Facebook's trailing 12M revenue was a billion dollars, so it's not as if they have cash

by soupboy 14y ago

It is Intagram, not Infogram. And the purchase price was $1B, not $300M. Facebook's trailing 12M revenue was a billion dollars, so it's not as if they have cash problems.

ajross 14y ago
It was a billion in nominal value, but most of that was Facebook stock (at a valuation of $75B, thus all the stories last week about whether the IPO would cover that or not).
untog 14y ago
It is Instagram, not Intagram. (sorry, I had to)