A couple of months ago, Facebook acquired the wildly popular photo sharing social network, Instagram, for a cool US$1-billion. Popular yes, profitable? Nope. With zero revenue to speak of, hacker-CEO Mark Zuckerberg saw something in Instagram and its thirteen employees that justified spending a chunk of Facebook’s newly acquired change after its record-breaking, yet troubled IPO.
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What’s the next billion dollar idea? It’s anyone’s guess, but here are our favourites.
Pinterest, the social scrapbooking darling has seen its user base shoot past the 104 million mark in March. Just one year ago, the site was managing a comparatively meager 500 000 monthly visits.
