How Instagram Could Have Cut a Better Deal

I'm certainly no expert but how can anyone claim Instagram got a bad deal? Heck, in my opinion, the $300M cash alone was way more than they should have got. But since that time, Facebook's initial public offering has taken place — and we all know what happened. Facebook shares have fallen substantially, and the Instagram acquisition is now valued at about $735 million. The Instagram founders are out almost $300 million, at least on paper.