Instagram sold for 12,000 times what Kodak is worth.
Kodak despite $6 billion in annual revenues had to file for bankruptcy and was delisted from the NYSE 3 months ago.
Eastman Kodak is now worth $80 million according to the over-the-counter markets.
Another data point in the theory that software is disrupting industries: http://pandawhale.com/convo/202/software-companies-are-poised-to-take-over-large-swathes-of-the-economy
Social photos are worth a lot more than photos.