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Posts Tagged ‘Kevin Systrom’

BREAKING: Facebook Acquires Instagram

Huge news this morning out of Menlo Park. Via his Facebook page, Mark Zuckerberg announced that his soon-to-go-public company has acquired Instagram for roughly $1 billion in combined cash and stock:

For years, we’ve focused on building the best experience for sharing photos with your friends and family. Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests…

We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience. We plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook.

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LA Times Posts Snapshot of Instagram Co-Founder

Are you ready to be sickened? It took 27-year-old Kevin Systrom (pictured) and a colleague just eight weeks to put together Instagram, the online platform that enables Apple device users to share digital photos. In short order, the service has attracted five million users and $7.5 million in venture capital.

Via boxed out profile put together by San Francisco based LA Times technology reporter Jessica Guynn, Systrom also proves that indoor summer camp electives can be as key for future tech nerds as those outdoor basketball workouts are for fellow would-be future NBA stars:

Systrom came to appreciate digital photography after taking a Photoshop software class at summer camp. Photography remained a hobby while Systrom attended Stanford University. There he created a service called Photobox, which caught the attention of Facebook Inc. founder Mark Zuckerberg and one of his top lieutenants, Adam D’Angelo.

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