Facebook's Instagram Purchase Given A 12% Approval Rating By Twitter [STUDY]
Facebook’s $1 billion acquisition of photo-sharing app Instagram has made serious waves throughout the business world, with many pundits already proclaiming the perceived overpayment as another apocalyptic sign of the inevitable tech bubble, part deux. After all, Instagram was valued at $500 million in a venture capital fundraising series just a week ago, so why would Facebook pay twice as much?
Well, the reasons vary, and you’ll have your own. Still, many Instagram early adopters (read: hipsters) were already up in arms that their oh-so-obscure (30 million iPhone users) photo-tweaking platform had just been launched on the Android marketplace, but this purchase by the evil, consumerist Facebook has really taken the cake.
But
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