How Instagram hides behind Facebook – and rakes in billions

Instagram’s parent company faces international scrutiny while the photo app retains its charming reputationSix years ago, Facebook made the acquisition of a lifetime. Then it did something brilliant: nothing.Facebook left Instagram alone. The app was growing quickly, becoming more relevant each day, eating into rival Snapchat’s audience and threatening Facebook itself – just a few reasons why the tech giant dished out 10 figures for a company with no revenue. Continue reading..