Friday, October 19, 2018

Latest on Facebook’s Instagram deal

April 19, 2012 by  
Filed under Social Media

Opinions are divided when more information about Mark Zuckerberg (founder of Facebook )and his deal with Instagram come to light.

when it became official that Zuckerberg made the purchase of photo editing app Instagram for half the price at $1 billion, it seems he neglected the fact to tell the rest of the board at Facebook that he had made this purchase, not to mention that Kevin Systrom now has a 1% share in what is expected to one day be a $200 billion company.

Sure you can reward the 27 year old entrepreneur for his quick thinking and business mind, but was that really the best thing to do without the support and say so from the rest of the board? Many think not.

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