Facebook may be having trouble monetizing its one billion members, however its recent acquisition of Instagram is seen as a huge win for the company. The social networking giant purchased the popular photo-sharing app in April for about $1 billion and since then it has grown more than 1,100%, Business Insider reported. Instagram was a small company with no revenue and only 860,000 daily active users, but since the acquisition the company’s traffic has increased to nearly 11 million users per day. Read the full story at Boy Genius Report.
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