Tuesday, May 18, 2021

Facebook makes a deal with Instagram

April 18, 2012 by  
Filed under Social Media

After recent news that shocked many as to how much Mark Zuckerberg, founder of Facebook, had paid $1 Billion for the purchase of the new instagram app that allows you to edit your photographs using sepia tints and complete colour change, it appears that Zuckerberg actually got it at half the price.

 

It has come to light that Kevin Systrom, founder of Instagram originally requested £2 Billion for the sale of his instagram app and Zuckerberg managed to bargain the 28 years old down to half that by offering him a 1% share in what he has promised to be a $2oo Billion company, letting Systrom take away his $2 Billion when Facebook reaches this figure.

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