1 Reason to Believe Facebook Will Be As Big As Google
Nov 26th 2012 10:00PM
Updated Nov 26th 2012 10:04PM
Thanksgiving weekend wasn't just about thanks, giving, or heaping helpings of turkey, gravy, and mashed potatoes. Photos were also a big part of the holiday picture thanks to Instagram. The social photo-sharing site, which Facebook (NAS: FB) acquired in April for $1 billion, added 10 million snapshots over the holiday weekend. Just last month, Instagram captured and catalogued roughly 1 million photos documenting the destruction wrought by Superstorm Sandy.
All signs suggest that Instagram is scaling at remarkable speed. But will this growth pay off for Facebook, which paid more than a half-billion-dollar premium for a company that has yet to demonstrate any ability to generate revenue? History says yes. Find out more in the following video.
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The article 1 Reason to Believe Facebook Will Be As Big As Google originally appeared on Fool.com.Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of Google and Netflix at the time of publication. He also had a long-term call options position in Netflix. Check out Tim's Web home and portfolio holdings or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
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