1 Billion for price of a simple Iphone App!

Recently Instagr.am was sold-out or acquired to Facebook for 1 Billion in Cash and stocks! That is too much. Instagr.am is the very popular Iphone app ( I am sure that you have heard the name before, or even you are a user!). I doesn’t make sense only a crew of 13 people and a single Iphone app for 1 Billion. I have some thoughts which are : 
1: Instagr.am have 30 million users –I think that Facebook need those users
2: Privacy = Facebook will have access to your photos
3: Too much Upload — There is too much upload on Instagr.am about 250 million upload everyday! Facebook might need those

But again it is interesting. And still the price is very high. You can read more about this news in these places :

Mark Zuckerberg Timeline
Instagr.am Blog
Facebook News  

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