Just hours ago, Facebook bought the popular photo service Instagram for a cool US$1 billion in cash and stock, making it one of the biggest deals for a mobile app developer of late.
This comes, of course, just before Facebook starts trading as a public company next month, when it is expected to cash in even more. That may make buying Instagram, a two-year-old company that started off creating Polaroid-style pictures for iPhone users, seem hardly costly.
Yet questions abound regarding the acquisition. Here are five that are being asked now: …