Tag Archives: Instagram
Instagram For Android Surpasses 10 Million Downloads
On April 10th, we reported that Instagram surpassed 5 million downloads on Android. Today if you check out the Instagram app on Google Play, you will notice that Instagram has passed 10 million downloads. Not bad considering that Instagram launched for Android about 22 days ago. Facebook acquired Instagram for $1 billion six days after it launched on Android.
Categories Android, Facebook, Google Android, Instagram
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Instagram CEO Kevin Systrom Started The Facebook Negotiations By Asking For $2 Billion
When Facebook acquired Instagram for $1 billion, people were questioning whether the large social networking company got ripped off because Instagram was not making any money. However this deal turned out to be a bargain because Instagram CEO Kevin Systrom started off by asking for $2 billion. Facebook CEO Mark Zuckerberg conducted the negotiations at his $7 million home in Palo Alto. There were no bankers or lawyers there to help with the deal. Just two startup CEOs.
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Categories Facebook, Instagram, Kevin Systrom, Marc Andreessen, Mark Zuckerberg
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Facebook Outbid Twitter For Instagram
When Facebook bought out Instagram, they had outbid Twitter for a deal. Twitter co-founder Jack Dorsey was also an investor in Instagram and he tried to purchase the company before Facebook. Dorsey had used Instagram on a daily basis to send photos to Twitter, but since the deal has been announced he stopped using it.
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Categories Adam D'Angelo, Facebook, Instagram, Jack Dorsey, Kevin Systrom, Twitter
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How Mark Zuckerberg Drove The Instagram Deal
Facebook CEO and co-founder Mark Zuckerberg was behind the $1 billion acquisition of Instagram. This is a different kind of role for him because usually it is a different executive that drives the company and talent acquisition deals.
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Categories Amin Zoufonoun, Facebook, Instagram, Mark Zuckerberg
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Instagram Hits 5 Million Android Users In 6 Days
Yesterday Instagram was acquired for $1 billion. Another huge milestone for the company is that they have hit 5 million Android users in 6 days. That is almost one million new users per day. This adds on to the 30 million users that have Instagram on iOS. This gives Instagram the credibility of having the biggest Android app launches of all time. It took Instagram six months to hit 5 million users on iOS and only 6 days on Android.
Categories Android, Google Android, Instagram
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Instagram CEO Kevin Systrom Earns $400 Million From Facebook Acquisition
Yesterday Facebook acquired Instagram for $1 billion, which is the largest acquisition in the history of Facebook. Instagram CEO Kevin Systrom owns 40% of Instagram according to sources with Wired.com, which means that he will take home $400 million from the acquisition. Instagram co-founder Mike Krieger has a 10% stake in the company so he will take home $100 million.
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Categories Instagram, Kevin Systrom
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Facebook Acquiring Instagram For $1 Billion
Facebook has announced that they are acquiring Instagram, a popular photo-sharing application, for $1 billion in cash and stock. Facebook CEO Mark Zuckerberg made the announcement on a profile post from his account. Zuckerberg said that they are planning to allow Instagram run independently from Facebook. It was only three days ago where it was that Instagram raised $50 million.
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Sequoia Capital Preparing To Lead $50 Million Investment For Instagram
Instagram has over 30 million users on iOS and over 1 million users on Android. Now Instagram is getting close to raising a Series B round of funding led by Sequoia Capital according to sources with AllThingsD. The $50 million investment would peg the valuation of Instagram at about $500 million. DST Global is also rumored to be involved in this round. Even though Instagram does not have a revenue model right now, there is still a high number of interested venture capital companies.
Instagram For Android Hits Over 1 Million Downloads In 24 Hours
Instagram’s launch on the Android has done very well. Instagram hit 1 million downloads in under 24 hours since launching for Google Android. The company opened registration for Android on March 24th and they hit 430,000 pre-registrations before launching. This makes Instagram the app with the biggest launch on Android. Instagram has over 30 million users on iOS. You can download it from Google Play at this link.
Instagram Arrives For Android
Photo sharing application Instagram has arrived for Android. Android users will be able to take photographs and make them look stylish with the retro filters built into the app. Instagram has over 30 million users between iOS devices and by adding Android users into the mix, I believe that Instagram will hit 60 million in no time. You can download Instagram for Android here.
Categories Instagram
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