From the Daily Beast: Look at it this way. Facebook has built a booming business on the Web, with 850 million members and $4 billion in revenues last year. But the world has moved beyond the Web. Mobile is the next big market. And in mobile, Facebook has not been very successful.
But Instagram has. The tiny company has 30 million users who are addicted to its simple application, which lets you apply color filters to photographs so they look kind of blurry and old-fashioned….
Find out more at http://www.thedailybeast.com/articles/2012/04/10/facebook-makes-big-bet-by-acquiring-instagram.html
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