- Authors
- Harbour, Sarita
- Publisher
- Hyperink
- ISBN
- 2940014994767
- Date
- 2012-07-26T00:00:00+00:00
- Size
- 0.08 MB
- Lang
- en
On April 5, 2012 Instagram was valued at 500 million dollars as part of a new round of funding with investors. Just a few days later, Mark Zuckerberg, CEO of Facebook, negotiated to buy it for $1 billion, $300 million cash and $700 million in Facebook shares. CNN called it one of the biggest deals in recent business tech history — not too shabby for a business only 18 months old, and a great inspiration to small companies everywhere. However, Facebook’s acquisition received mixed reviews and many raised eyebrows in the technology and business world.