_facebook-buy-instagram-for-1-billion-nma-animation.jpg "Facebook buyInstagram for 1 billion NMA Animation from bhabi payal photo downl Video Screenshot Preview")
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⏲ Duration: 1:37
✓ Published: 20-Mar-2024
✓ Published: 20-Mar-2024
Description:
Facebook has announced it will pay $1 billion in cash and stock to acquire photo-sharing app Instagram.<br/><br/>The deal will make founders Kevin Systrom and Mike Krieger and the other approximately 12 staff at Instagram instant millionaires.<br/><br/>Industry watchers have said the move will help Facebook in an area it has traditionally struggled in - photo editing.<br/><br/>Others have questioned the logic of paying so much for a company with no revenue stream and no obvious business plan.<br/><br/>The acquisition comes just a week after Instagram secured $50 million in funding from investors including Sequoia Capital that valued Instagram at $500 million.<br/><br/>Instagram recently became available on Android after initially only offering an app for Apple iOS.<br/><br/>Here's a list of Instagram alternatives for those worried about Instagram Facebook privacy.
Facebook has announced it will pay $1 billion in cash and stock to acquire photo-sharing app Instagram.<br/><br/>The deal will make founders Kevin Systrom and Mike Krieger and the other approximately 12 staff at Instagram instant millionaires.<br/><br/>Industry watchers have said the move will help Facebook in an area it has traditionally struggled in - photo editing.<br/><br/>Others have questioned the logic of paying so much for a company with no revenue stream and no obvious business plan.<br/><br/>The acquisition comes just a week after Instagram secured $50 million in funding from investors including Sequoia Capital that valued Instagram at $500 million.<br/><br/>Instagram recently became available on Android after initially only offering an app for Apple iOS.<br/><br/>Here's a list of Instagram alternatives for those worried about Instagram Facebook privacy.
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