Facebook's $1 billion adopted baby is growing up fast and may end up making the social networking site look like savvy parents with an real eye for potential rather than a silly entity that spent ten figures on a camera app with social features baked in. Before we get too far ahead of ourselves, however, let's look at what Instagram has done, starting with its fast growing userbase.

When Mark Zuckerberg made the move to acquire Instagram for $1 billion -- Facebook's largest acquisition ever, and one that Zuckerberg negotiated almost entirely on his own without involving his board of directors, according to a report in The Wall Street Journal -- he may have tipped his hand and revealed how much the world's largest social playground is worth. That figure? At least $75 billion, if you can believe it.

Do you remember what you were doing in 1987? It was the year the Simpsons appeared for the first time as a series of shorts on The Tracy Ulman Show, Bow Wow was born, and both Larry Bird and Magic Johson were still in the NBA. It also happens to be the year an incident led to the Video Privacy Protection Act (VPPA), which was enacted a year later, nearly a decade before Netflix was founded and 16 years before Facebook launched. Yet this quarter-of-a-century old legislation is the reason why Netflix hasn't released a Facebook app in the U.S.