Facebook's Instagram Acquisition Highlights Why Sunpeaks Is Attractive

By The Street Sweeper: Editor's Note: TheStreetSweeper has prepared a more comprehensive report on Sunpeaks Ventures (SNPK) and the promotion of its stock, which can be accessed by clicking here.

A report that Instagram's user numbers were plummeting spooked Facebook investors so badly that the stock dropped 3 percent this morning.

Yesterday, the world learned that Facebook is close to buying user-generated mapping company Waze for about $1 billion. This news has many people scratching their heads, wondering what Facebook is thinking.

By Young Research:Has he gone mad? Mark Zuckerberg, Facebook's (FB) CEO announced this week that his social networking company is buying Instagram. Facebook is paying $1 billion-a 100% premium to the company's valuation only one week ago. Instagram is the creator of the identically named photo sharing / editing app for Apple and Android mobile devices.

The acquisition broadens the social network's business and keeps a potential rival out of a competitor's clutches.SAN FRANCISCO — In its biggest acquisition, Facebook is paying $1 billion for the hugely popular Instagram mobile photo-sharing app maker in a move that broadens its business and absorbs a potential rival.

Facebook announced Monday that it had reached an agreement to acquire Instagram, describing it as "a fun, popular photo-sharing app for mobile devices," for $1 billion in cash and shares."For years, we've focused on building the best experience for sharing photos with your friends and family," Facebook founder and chief Mark Zuckerberg said. "Now, we'll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests."