Back in 2012, Facebook announced that it was buying Instagram for $1 billion. Because Facebook's shares had declined by the time the deal closed, the actual value of the purchase was less than $1 billion. Once the acquisition had been finalized, everyone figured that Mark Zuckerberg had overpaid for the picture and video sharing site. After all, Instagram wasn't being monetized and every analyst on Wall Street couldn't figure out how Facebook was going to make its money back.Fast forward to 2014. It is more than two years later and Instagram remains extremely popular. Recently, it was announced ...
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