Want to know how the legendary acquisition of Instagram went about at Facebook? Well, look no further than the Wall Street Journal, where it was described as a simple weekend over at Zuckerberg’s house with Kevin Systrom, Instagram’s co-founder and CEO, who both established the $1 billion deal — which now has been revealed was taken down from a $2 billion deal. Zuckerberg simply informed Facebook’s board to make a vote on his decision, which was mostly symbolic, 24 hours exactly before the acquisition was made official. For the full timeline on the deal, see the source link.
Via: Wall Street Journal