In 2012, when Facebook acquired Instagram for $1b, it left observers scratching their heads- Why buy a startup with 13 full-time employee for such a fee?

In 2012 when Mark Zuckerberg decided to spit out $1 billion for Instagram($1 billion was the market price, closed at $715 million because of a decline in the value of Facebook’s stock.), it shocked the whole world and questions was asked. Some even wondered if Mark just wanted to buy out Instagram because he feared a potentially tough competition for Facebook- which would have been a reasonable call at that period due to the rapid rise in prominence on Instagram.

Mark Zuckerberg must have felt the sharp influence the popular photo-sharing app had on selfies and pictures, which was Facebook cornerstone initially. At that period Facebook was no longer the most popular place to upload your birthday or anniversary pictures.


Facebook founder Mark Zuckerberg poses with Instagram co-creator Kevin Systrom. (Photo : Facebook/Mark Zuckerberg)

In order to provide a very comfortable platform for Facebook to operate efficiently, Mark knew instantly that Instagram acquisition would be the best solution- bring the photo-sharing app & integrate with the Facebook team, instead of trying to compete with Instagram.

During the acquisition of Facebook, it was reported that Mark Zuckerberg decided not to involve the board of directors at Facebook during the process until the last day. He knew exactly what needs to be done, and couldn’t risk it all on multiples of boring board meetings, financial advice or corporate bureaucracy.

Read entire article: http://smartgeek.com.ng/2016/12/31/instagram-buy-justified/

Just 6 percent of dat money would a very long way in my life






1 billion dollars

chai

LMAO

Teniolasmart:
Just 6 percent of dat money would a very long way in my life







1 billion dollars


chai

lol