When was instagram bought by facebook

@Kevin/Instagram On April 9, , Kevin Systrom and Mike Krieger sold their person startup, Instagram, to Facebook. Facebook purchased the photo filter app 18 months after its launch for $1 billion: $ million in cash, the rest in Facebook stock. Facebook is a social networking company that has acquired 79 other companies, including The Instagram acquisition, announced on , appears to have been the first exception to this pattern. While continuing with a pattern of. Although Instagram was not generating revenue when Facebook purchased it in , it has recently been estimated to be worth $ billion.

It's been exactly five years to the day since Facebook announced one of the best business acquisitions in the history of Silicon Valley: The $1. That will allow Instagram users to post on other social networks, follow users not on Facebook and to opt out of sharing on Facebook. Instagram has been a bright spot in Facebook's broader business umbrella. It purchased the app for $1 billion in , and according to the.

In fact, Systrom drew a contrast between Instagram and WhatsApp, which Facebook bought for roughly $20 billion in , and whose. When Facebook first purchased Instagram, both parties pledged to maintain the independence of the two services from one another, which. In , Facebook spent $1 Billion to purchase Instagram, which was not making any revenue at the time. The reason why Facebook spent so much to buy the. 13 Jul - 2 min Facebook acquired apps like Instagram, WhatsApp and others over the years; here's how. Why would Facebook pay $1 billion for a company with no revenue but lots of soul?.

When it bought Instagram, Facebook was worth $58 billion. Today it's worth $ billion. How much would it be worth without Instagram?. Facebook has just finished a deal to acquire mobile photo sharing app Instagram for approximately $1 billion in cash and stock. Instagram will. Facebook agrees to buy the photo sharing network Instagram a week after the service launches on Android. Social network Facebook has bought Instagram - a profitless, two-year-old photo- sharing application - for $US1 billion. Instagram is a mobile.