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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.

 

Weekly Wrapup: World's Most Influential Websites, Thanksgiving Apps, New AOL Branding, And More...

In this edition of the Weekly Wrapup - our newsletter summarizing the top stories of the week - we analyze a list of the most influential websites in the world, look back on the past decade of e-commerce, suggest a list of products that Twitter might like to acquire, review a collection of Thanksgiving web apps, and more.

 

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