Posts Tagged ‘facebookceo’

Zuckerberg Flew Solo – Lowered Instagram Asking Price by $1 Billion

A couple of weeks ago, Facebook took everybody by surprise when they acquired Instagram; the massively popular — though not yet profitable — photo-sharing application. A few days ago we learned that they may have only just beat Twitter to the punch. Now rumors are flying about that Mark Zuckerberg not only acted on his own — without the Facebook board’s knowledge — but managed to lower Instagram CEO Kevin Systrom’s asking price from $2 billion to the reported $1 billion that Facebook shelled out. Read more…