November 26, 2012
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 (Nasdaq: 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.
After the world's most-hyped IPO turned out to be a dud, most investors probably don't even want to think about shares of Facebook. But there are things every investor needs to know about this company. We've outlined them in our newest premium research report. Inside you'll find out whether there is anything to "like" about this stock today. We'll also tell you whether we think Facebook deserves a place in your portfolio. Access your report now by clicking here.