Is Instagram really worth $1 Billion? Honestly we don't know. I would say no, but I'm wrong on a lot of things. I'm also right on a lot of things. Who really kn

Is Instagram really worth $1 Billion? Honestly we don't know. I would say no, but I'm wrong on a lot of things. I'm also right on a lot of things. Who really knows? As far as Facebook is concerned (well Mark is concerned) it is. But it begs the question of "Why?". * Surely Facebook has all the users in the world. Getting a few more million really isn't that substantial. * And even getting more users is a good thing, I'm fairly certain that 90% of those users are already on Facebook. So what are they really gaining? * The technology behind Instragram isn't remarkable. From what I've read, they are a picture app with filters. Yes, those effects are pretty cool, but I find it hard to believe that a group of people that are able to build the social juggernaut that is Facebook couldn't set aside 10 guys to create filters and effects already built into Facebook. Now perhaps its something else. Mark probably realized that they system was already in place through Instagram that all that was needed was to purchase them and slap a big ol' Facebook sticker on the cover. Done... Next task... I really don't know. I believe that Mark is allowed to do whatever. Afterall, he did invent Facebook. A potential money-making powerhouse. We are essentially the outsiders looking in. We haven't built a multibillion dollar company, so we can't really dictate that this is a bad move or not. Its working so far for Facebook (yes the stocks are not as great as they wanted, but hey at least they are out there playing the game). All I know is, its not my money, so it doesn't affect me. I would've just built the thing myself. But then again, I'm not the billionaire 28 year old. I'm just the 28 year old trying to start my own company.