15 Apr '12, 7pm

[BLOG] Instagram Premortem: Everything You Need to Know About the Soon to (Maybe) Be Dead App

Apparently it all came together over a matter of two days — Zuckerberg called Instagram CEO Kevin Systrom last Friday and said he wanted to buy the photo sharing service, and by Sunday all of the details were worked out. Zuckerberg’s phone call was just days removed from the release of Instagram for Android (which wasdownloaded over a million times in a day) and a $50 million funding round that brought the company’s valuation to a total of $500 million. Ultimately, it took Facebook $1 billion to claim the photo sharing service.

Full article: http://www.domain.me/blog/instagram-premortem-4420

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