Facebook’s $1 billion purchase of Instagram has prompted much meditation on whether we’re seeing another Internet bubble. Bloomberg View columnist Clive Crook meditates on something else: how the deal is a reflection of the forces of globalization and information technology,...
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Photograph by Phillip Toledano/Trunk Archive
Instagram’s billion-dollar price tag, for some, puts an unbelievable number on the fast-inflating valuations for software makers.
What Instagram’s $1 Billion Windfall Says About Innovation, Inequality
