Zuckerberg blew $1bn on Instagram

'without telling Facebook board'

[Leosghost]

Story..
[theregister.co.uk...]

...

Facebook CEO Mark Zuckerberg left his board out of the loop as he personally hammered out a $1bn deal with Instagram for its colour-changing photo software in three days of negotiations in his house in Palo Alto, culminating in the deal on Sunday 8 April, a report in the Wall Street Journal claims.

[edited by: engine at 9:02 pm (utc) on Apr 19, 2012]
[edit reason] added quote [/edit]

[Kate_Oranum]

Impressive - they are not even integrating Instagram on FB are they?

[Digmen1]

They will do one day.

[Kate_Oranum]

Really? Did you read this somewhere - or is it just your own prediction?

[Digmen1]

Its just my own prediction.

But as ad admirer of Mark Zukerberg it's amazing that this is just about the first time he has spent any money.

I mean he is not known for his fast cars, big houses etc etc.

[webindia123]

It would have been great if he was at least known for fancy materialistic stuffs. Unique innovations are least we can expect from this guy.

[HuskyPup]

Unique innovations

The one thing Facebook was not and that was being unique by several years...it was the people he got on board who hyped it all up...it's not what you know it's who you know, as always.

[webindia123]

what you know it's who you know

So true, right time with right set of people

LK

[edited by: engine at 4:32 pm (utc) on May 7, 2012]