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Instagram, Made $0 in Revenue Sold for
$1 Billion Dollars to Facebook ....
Facebook is spending $1 billion to buy the photo-sharing company Instagram in the social network's largest acquisition ever.
Instagram lets people apply filters to photos they snap with their mobile devices and share them with friends and strangers. Some of the filters make the photos look as if they've been taken in the 1970s or on Polaroid cameras..... Full Story
Multi-Million Dollar Foreclosures, even they are not immune...
Even these mega-mansions in some of America's wealthiest neighborhoods are not immune to the housing crisis. Asking price: $18 million
Located in "the Gold Coast of Orange County," this impressive home with views of Catalina Island and the Pacific Ocean fell into foreclosure in 2010, the same year it was built. At one time, it was in escrow for $28 million. Now, the home is available through a private investment group for $18 million. It has never been occupied. ..... Full Story
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How JP Morgan Chase Lost $2Billion
