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Tuesday, Nov 24, 2020

Instagram's founder on whether he'd sell to Facebook again: 'When someone comes and offers you a billion dollars for 11 people, what do you say?'

Instagram's founder on whether he'd sell to Facebook again: 'When someone comes and offers you a billion dollars for 11 people, what do you say?'

Kevin Systrom cofounded Instagram in 2010, and the company was acquired by Facebook for $1 billion in 2012. Systrom and his cofounder, Mike Krieger, left the company in 2018 reportedly because of "tensions" with Facebook CEO Mark Zuckerberg. Asked on Wednesday whether he would sell again, Systrom mentioned the staggering amount Facebook paid for the company.
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