Facebook bought Instagram, a company that makes a photo-sharing app for iPhone and (very recently) Android for a whopping $1 billion in cash.
Instagram has only been around for less than two years, has only 13 employees, and has never made a dime of revenue.
But it’s a good fit for Facebook’s mobile ambitions.
Here’s everything you need to know about the deal, all in one place:
- Facebook Buys Instagram For $1 Billion. Includes the memo from Facebook CEO Mark Zuckerberg explaining why.
- Instagram: Here’s Why We Just Sold For $1 Billion. Founder Kevin Systrom explains.
- Instagram Was Facebook’s Biggest Threat.
- WELL-PLAYED, ZUCK: Why Buying Instagram Was A Brilliant Move.
- These Charts Explain Why Instagram Is Easly Worth $1 Billion.
- Meet The Lucky 13 Employees And 9 Investors Behind Instagram.
- Facebook ‘Flipped Out’ After Instagram Raised A $50 Million Round Last Thursday. The round was valued at $500 million, meaning that investors like Sequoia Capital, which led the round, doubled their money in four days.
- Meet Kevin Systrom, The Instagram Founder Who Just Made $400 Million.
- CHART OF THE DAY: Instagram’s $1 Billion Sale In Context. It’s the most valuable photo-sharing site ever, by a long shot.
- WATCH: Kevin Systrom Outlines The Similarities Between Facebook And Instagram. A video from Systrom’s time on stage at IGNITION West last month.
- How Did Google Miss Its Chance At Buying Instagram? It could have boosted Google+ and made Facebook squirm.
- Think Facebook Paid Too Much? Remember How Yahoo Blew It….Yahoo once had a chance to buy Facebook for $1 billion, but Terry Semel thought the price was too high.
- The Last Couple Years Of Kevin Systrom’s Life, As Told Through His Instagram Photos.