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yeah agreed...I mean Yahoo bought Flickr for 35 million...so how is Instagram worth 28x that.



When Yahoo bought Flickr there was no mobile market. What people get used to using all the time on their phones is a big deal, for many people, their smart phone is now the main way they browse the web and it is quickly becoming common way for them to upload pictures and participate in social media. You can move 40 million people's habits, but not easily.




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