1. In April 2012 , Facebook purchased Instagram for approximately $715 million. Research the details of this transaction. Write two to three paragraphs that answer the following questions: -Why was there such a big difference between the amount Facebook offered for Instagram and the amount Facebook ultimately paid for Instagram? - By how much did the amount Facebook ultimately paid for Instagram exceed the valuation financial pundits had placed on Instagram? - Looking back at the deal and considering the popularity of Instagram today, do vou think Facebook overpaid for Instagram? Why or why not