Facebook & Instagram - inevitable

I am in the happy position of having said “I told you so” - on Fred Wilson’s blog.

Pete Griffiths 13 days ago Edit …There are other players but imho Instagram is the class act - they are more than a set of filters. Fb should just buy them. Strong synergy. :)

Obvious deal and the huge premium is not surprising.  Instagram clearly have massive upside as standalone - they can probably quickly pick up another 30 million users (Android) so suddenly FB is looking at buying the company with 70 million users and good prospects and having to pay any more.  I am sure they wanted to do the deal earlier but probably needed the IPO to assure the Instagram side that there was a real exit and seeing the execution on Android helped.

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