What Prompted Facebook to Pay 1 Billion for Instagram Just a few days before Facebook has announced that it is purchasing Instagram which is a mobile photo sharing application for 1 billion Most of the people are wondering Why did the social media giant Facebook agree to pay 1 billion to a company with no revenue According to some reports the Facebook has a little less than 4 billion cash on hand and it considered as one of the reasons why it could afford the deal Moreover it also helps in opening new avenues for users Also it targets the users with specific info for mobile ads more Explore your business with web development company