Great Lesson

Just finished this lesson with my business class tonight! We were discussing this article. Very interesting discussion.

Facebook has just acquired the maker of the iPhone application Instagram, which lets users do simple photo editing and sharing with friends, including social-network functions such as “like” and comments. The application itself is in no way complex enough to explain the $1 Billion price (even the valuation of the company on Feb 2., $30 million, would be a rich price for such application). The earnings are not either: There are no revenues at present because the firm has concentrated on building a user base, and has not launched any revenue model, such as advertising or other commercial tie-ins.

Read the rest of the article here: http://blog.insead.edu/2012/04/instagram-for-1-billion-what-is-it-really-worth/


Have a great night!

Shopping!

I was doing some shopping the other day!
The weather has finally started to get warm. I'm loving it!!!

How are you today?

"I wish to emphasize that there are no secrets to golf. The secret of success is practice,
constant but intelligent practice." ―Ernest Jones

"I wish to emphasize that there are no secrets to ENGLISH. The secret of success is practice,
constant but intelligent practice." ―Raymond John