The two founders of Instagram, a tech startup with about a dozen employees and no revenue, announced Monday they sold their photo-sharing company to Facebook for $1 billion in cash and stock. The deal is the largest ever for Facebook and improves its mobile offerings while removing a rival of users’ attention. Facebook users spend an average of 7.5 hours a month on the site, according to ComScore. Much of that engagement comes from photos, which Facebook relies on to get its 845 million users to view ads and interact with brands on the site. Advertising accounts for 85% of Facebook’s revenue, or $3.1 billion in 2011, $1.8 billion in 2010. Trying to apply that revenue model to Instagram, which allows users to take pictures with their smartphone and apply effects to it before sharing with friends, might not capture adequate attention on smaller phone screens.
Insurers have may defenses. One problem: The bad guys know about the defenses.
The law affects access to policy loans for insureds who are getting LTC-related accelerated death benefits.
One is for a final expense and annuity IMO, and the other is for a Medicare plan IMO.
Sponsored by LPL Financial
Get an in-depth look at how you can lock in future value through proven tactics that will grow your bottom line.
Sponsored by Smarsh
Many companies today are making the move to Office 365. Find out whether it’s the right move for your firm.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.