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How Long Before Facebook Writes Off Its $1B Purchase of Instagram?

Kevin Systrom's smartest move was to sell Instagram to Facebook early, before having to deliver even an iota of revenue. My prediction is that we’ll look back on Facebook's acquisition of Instagram as a bust—much in the same way we now view News Corp.’s purchase of Myspace, AOL’s purchase of Bebo, and Excite@Home’s purchase of Blue Mountain Arts.

 

Microsoft Kin Great for Messaging, But It's No iPhone

Just when you thought teens had enough ways to connect to Facebook and Myspace, along comes Microsoft with their new line of socially focused phones the Kin One and the Kin Two.

 

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