How Much Did Facebook Buy Instagram For at Buying

How Much Did Facebook Buy Instagram For. Facebook bought instagram on april 9, 2012, for $1 billion, its largest acquisition at the time. Instagram generated an estimated $24 billion revenue in 2020, which was 36.9% of facebook’s total.

It demonstrated j ust how much wealth and power the industry holds — and how it could be wielded. In spring 2012, facebook ceo mark zuckerberg spent a long weekend with instagram ceo kevin systrom. Facebook bought instagram on april 9, 2012, for $1 billion, its largest acquisition at the time.

11 Stunning Examples of Farmhouse Shiplap Paneling

In spring 2012, facebook ceo mark zuckerberg spent a long weekend with instagram ceo kevin systrom. Facebook purchased the photo filter app 18 months after its launch for $1 billion: You might have heard by now that [company]facebook [/company] has acquired instagram for nearly a billion dollars in cash and stock. While continuing with a pattern of primarily talent acquisitions, other notable product focused acquisitions include the $19 billion whatsapp acquisition and the $2 billion oculus vr acquisition.