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When You're That Rich, Money Is No Object
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Facebook paid a billion -- with a B -- dollars for Instagram. I'm not certain why -- I'm still trying to understand what the long-term value proposition is, and the talk while Instagram's been looking for funding is that it's worth half a billion, not a billion. Was Zuckerberg worried that Instagram could be another social network rival to Facebook? Is that worth a billion dollars? (Los Angeles Times)
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