one of the sickest tech acquisitions

It was officially announced today that Facebook will be buying Instagram for $1 Billion.

It made my stomach sick when I read this...

Instagram is not even a 2 year old start-up company that only had the mobile app for iPhone until couple of weeks ago. They just released the app for android phones few weeks ago.

What's even more crazy is that Instagram only has 12 employees as of today...
What's even more crazy is that Instagram had no business model and no revenue!

Check out what a Wall Street Journal editor tweeted about this today...

Somebody better buy my company few years from now....
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