Instagram’s 1 billion valuation focuses attention on mobile apps

Posted on April 11, 2012  /  0 Comments

We’ve been thinking about mobile apps for over a year, thanks to infoDev whose Call for Proposals we bid on. But 1 billion? That still came as a surprise. Is it that the days of thinking about m apps as things that could be worked up in garages is over?

Now, at a time when the mobile start-up Instagram can command $1 billion in a sale to Facebook, some start-ups are asking: Who needs the Web?

Smartphones are everywhere now, allowing apps like Foursquare and Path to be self-contained social worlds, existing almost entirely on mobile devices. It is a major change from just a few years ago, underscoring how the momentum in the tech world is shifting to mobile from computers.


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