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Bilifuduo (98.27)

Instagram and Facebook

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11

April 12, 2012 – Comments (4)

According to Dealbook, the acquisition of Instagram and Facebook was masterminded by Mark Zuckerberg over a span of 48 hours. Interestingly enough, before the offer, Instagram had received a fresh financing infusion that had valued the company at $500 million. Basically, Instagram doubled its worth in 48 hours. 

4 Comments – Post Your Own

#1) On April 13, 2012 at 1:42 AM, awallejr (83.92) wrote:

Remember this is the guy who said "profits aren't important."

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#2) On April 13, 2012 at 10:04 AM, griderX (96.29) wrote:

This is still mind blowing news to me! 

3000+ Facebook employees...couldn't build an app that takes pictures?  Instead you drop $1 Billion dollars to buy a company with 18 employees?

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#3) On April 13, 2012 at 10:08 AM, TheDumbMoney (44.25) wrote:

"Twenty years ago if somebody had told you they picked up Instagram you would have thought it was a venereal disease." 

-- Jimmy Kimmel (paraphrase)

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#4) On April 13, 2012 at 12:04 PM, leohaas (32.57) wrote:

Maybe Zuckerberg is a genius. But maybe he is not the best businessman in the world. That's what I think when I read this news...

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