Instagram Could be One of the Best Deals of the Last Decade

Posted Wednesday, December 24, 2014 10:19 am

By: Mathew Ingram | GigaOM

The news that Citigroup now thinks Instagram could be worth as much as $35 billion likely caused some mouths to fall open last week, and the list of those who found themselves agape probably included co-founder Kevin Systrom and Twitter CEO Dick Costolo, although for very different reasons. Whether Citigroup has the actual number right or not is impossible to say — but what is clear is that the Instagram acquisition could be one of the smartest things that Facebook has ever done, and one of the best deals of the past decade.

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Instagram Could be One of the Best Deals of the Last Decade

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