A company in the archive: 2 stories feature Instagram. Each one is sourced and dated.
Stories featuring Instagram
In the archive
- Snapchat Turned Down $3 Billion in Cash From Facebook$3B→$24BOffer refused → IPO value, 2017
In 2013 a two-year-old app with no revenue said no to Facebook's all-cash offer. Its 23-year-old CEO wanted more. Four years later the stock market valued the company at about $24 billion.
- Instagram Sold for $1 Billion With Almost No Revenue$500K→$1BSeed money → Facebook's price
Instagram started as a check-in app with $500,000 of seed money. Eighteen months after its launch, Facebook agreed to pay $1 billion for it.
