If you’ve been reading the paper for the past few days, no doubt you’ve heard that Facebook has bought smartphone app and photo-sharing company Instagram for $1 billion. That’s a lot of money, even for Facebook, whose value has been estimated in the $100 billion neighborhood.
It’s an even larger sum when you take into account that Instagram doesn’t make money: not a penny of revenue comes through the photo-sharing social network.
I’m guessing that Facebook values Instagram’s 30-million-user reach and popularity among an increasingly anti-Facebook crowd. Instagram’s elegant photo-sharing system makes Facebook look clunky. I’m no admirer of Facebook’s shady privacy dealings, but here’s hoping this big-ticket deal will turn out to be a win-win for everyone.
The Candlelight Jazz PRE(view) concerts are back, and A Step Up will perform April 22. A Step Up is a great drums-trumpet duo that has performed with a long list of great acts, and the music will start at 7 p.m. The concert is on the Eighth Street River Stage on Riverwalk Augusta, and admission is $6. There will be a performance April 29 featuring Jerusalem Sounds and Sounds of Zamar. Groups performing at the PRE(view) series are usually available for wedding receptions and parties, so it’s a great way to check them out.
Candlelight Jazz’s regular season calendar begins May 6 and continues through August. Find out more at gardencityjazz.com.
Ready To Wear Again, a strong member of the midtown retail community for many years, is liquidating its inventory and some fixtures in preparation for a location change and general redirection.
Ready To Wear Again is at 2107 Kings Way beside 5 O’Clock Bistro, and is discounting all of its pieces drastically. I went in earlier this week, and some pieces were down to 40 percent off, 20 percent off and even selling for $1.
The consignment store has a great selection of vintage clothing, high-quality labels and home decor and art. The Facebook page says they’re still in the middle of deciding where exactly to go from here (geographically and in general), and I hope they don’t go too far.