Facebook still has enough cash lying around to buy 4 more Instagrams

Even after spending $1 billion in cash and stock to buy instagram earlier this week,facebook STILL has at least $4 billion in cash to spend right now. In a couple weeks, Facebook will have another couple billion to spend, thanks to its $5 billion IPO. Now, it’s obviously very unlikely that Facebook will go out and spend any of that $4 billion in the next few weeks or months. But and this was our source’s good point the cash does mean that Google or microsoft orAmazon can’t step in and buy Tumblr, Pinterest, or some other big social media startup without worry about Facebook bidding up the price. There is no Facebook is out of cash discount for its rivals.