Revealed: How Twitter’s secret offer for Instagram made Facebook pay $1B

The secret details of the $1 billion deal between Facebook and Instagram are more convoluted than anyone thought. VentureBeat has learned that Instagram chief executive and co-founder Kevin Systrom first got an offer and a term sheet from Twitter, then shrewdly doubled the value of his young company by striking a deal with Facebook.

Instagram CEO just made $400 million, or $725,000 per day

Instagram chief executive Kevin Systrom just netted $400 million for selling his two-year-old startup to Facebook for $1 billion. That’s according to a report by Wired, which cites sources indicating that Systrom holds 40 percent of the company he founded.

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30M users later, Instagram arrives on Android

Seventeen months and 30 million users after Instagram first swept away iPhone owners with its artistic and social photo-perfecting application, the startup is finally releasing a version for Android users.

Instagram now flooding Facebook with 6 photos per second

A fun little iPhone application for sharing stylized mobile captures ballooned into a social network of significance in 2011. Today, the app’s insta-photo-sharing effects are felt with increasing force on Facebook and the rest of the web.

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Instagram: We have 5M users, nearly 100M photos

Mobile photo startup Instagram is still growing like crazy, according to TechCrunch. The San Francisco-based company says that it now has more than 5 million registered users, that those users add 896,000 photos per day, and that the service will probably crack 100 million total photos sometime this week.