Facebook Buys Instagram
// Posted by Allison on 04/09/2012 (2:03 PM)
Mark Zuckerberg just announced on his Facebook page that Facebook agreed to buy Instagram for $1 Billion. In light of the recent WIRED article about how going public for companies such as Facebook could be detrimental rather than beneficial, I am wondering if anyone with greater insight might have a sense of how this purchase will effect their stock? I imagine it would cause the value to increase, but I could be wrong! After all I would have imagine going public would be beneficial to the company in the first place. Any thoughts?
Check out this New York Times article for more information.