The sale of Instagram to Facebook for a cool billion in the spring of 2012 was the ultimate Silicon Valley fairy tale: 18 months from launch to offer. But, for co-founder and C.E.O. Kevin Systrom, it was more of a roller-coaster ride, with several missed opportunities, at least two “aha” moments, and one major reboot.
Kara Swisher talks to Kevin Systrom, Mike Krieger, Mark Zuckerberg, Jack Dorsey, and others about Facebook’s acquisition of Instagram.
• Current Editorials • Reviews Tech in 2012
2012 has been a monumental year in technology. This year we’ve watched Facebook truly realize the complete “American Dream,” as it went through with an IPO that valued the social network at $90 billion in May, lost 47 percent of its value in 94 days, and subsequently began a slow ascent back to respectability. The Internet rallied its voice and defeated major legislation across the globe, including SOPA and PIPA that attempted to regulate the Internet. Major gadgets were released, including the Nexus 7, iPad mini, Microsoft Surface and iPhone 5. Copyright and patent laws around the world were put to the test as Apple and Android OEMs embarked on a game of ‘who can file lawsuits against each other in the most countries,’ with Samsung arising as the first victim of the lawsuits to the tune of $1 billion, which of course is being appealed.
READ MORE at 2012 in Review: Tech | Current Editorials
(via thenextweb)
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