Overnight, 3 billion dollar deals were signed charting the past, present and future. The first sealed was AT&T selling the Yellow Pages to Cerberus Capital Management for $950 million in cash & debt. Soon after, Microsoft announced it would buy AOL patents for $1 billion, and near dawn Manila time, the bet of the future was announced by the CEOs of Facebook and Instagram. Facebook’s Mark Zuckerberg in a Facebook posting said his company would buy the 1 and half year old photo-sharing site, Instagram, for $1 billion. Instagram has 13 employees, putting the value per employee at a whopping $77 million a head!