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By The Wall Street Journal
July 17, 2012
![[article image]](https://cacm.acm.org/system/assets/0000/8553/71712.wsj.instagram.large.jpg?1476779420&1342546480 "Innovation then and now")
When Facebook's Mark Zuckerberg announced in April that his company would pay $1 billion in cash and stock to buy Instagram, the deal put an exclamation mark on the shrinking ambitions of our inventors and entrepreneurs.
From The Wall Street Journal
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