One million dollars. Er, one BILLION dollars. Depending on scale, it’s either a lot or not so much. I mean, yes, it’s a lot, but you know what I mean.
But how’s this for you: one billion dollars for a photography company made up of 13 employees? That’s what Facebook recently bought Instigram for, which to me, is insane. It’s not only insane, but I fear it’s the beginning of the end.
We’ve been waiting for Web 2.0’s bubble to burst, and with this overly inflated purchase, I think this might be the snowball to set off the avalanche. In my opinion, the dollar amount seems inflated and offsets what realistic expectations and valuations should be, which is when we get into this funky, unstable ground.
As Facebook continues to consume startups within the social space, it will be interesting to keep an eye on what sticks, what sinks and everything in between.
