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.

instagram android

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.


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.