While Kodak goes bust, Facebook buys Instagram for $1bn - a profitless single app company with huge usage. In the words of Bob Dylan 'The times they are a changin'
http://www.guardian.co.uk/technology/2012/apr/09/facebook-buys-instagram-mobile-photo?newsfeed=true
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The social network giant Facebook has bought Instagram - a profitless, two-year-old photo sharing application - for $1bn. Instagram is a mobile sensation that counts Twitter co-founder Jack Dorsey among its backers and has been downloaded by over 30 million people.
