Instagram CEO Kevin Systrom netted US$400m for selling his two-year-old startup to Facebook for $1bn. That’s according to a report by Wired, which cites sources indicating that Systrom holds 40% of the company he founded — an impressively large chunk for any entrepreneur at the time of exit, let alone one on his first company
Browsing: Instagram
The world’s largest social network has snatched up the Internet’s most buzzed about mobile app for photo-sharing for US$1bn, and the question on everyone’s mind is: why? The answer is obvious — it’s all about the photos — and it has been hidden in plain sight for weeks. On Monday, Facebook announced that it would acquire
Facebook CEO Mark Zuckerberg has announced Facebook is acquiring Instagram in a deal worth US$1bn. The photo-sharing start-up recently passed 30m members. Particularly since picking up a slew of new users with its Android app launch, Instagram has become one of the most important for taking and sharing photos on mobile devices, so it makes perfect sense that Facebook would want the
Remember five or six years ago when everyone thought they could start their own social network? Then Facebook arrived and effectively crushed everyone else in the market. There was no point anymore — it owned the market. But while the bean
Instagram has reached 27m users and continues its mantra that the photo sharing app will come to Android “really soon”. Instagram is a photo-sharing social network that is available only on the Apple iPhone. It allows people to take pictures, assign filters, and then post them to a variety of social networks, including
Google’s Android Market, Apple’s App Store, Nokia’s Ovi Store and BlackBerry’s App World together offer hundreds of thousands of free and pay-for apps. But finding the diamonds in the rough is often hard. These are some of my free favourites that run on both Android