How It Feels To Sell Instagram For A Billion Dollars

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Picture of Illuminati31 achievements

+9 1. Illuminati commented 12 years ago

Picture is telling more than words... :)
Picture of CallMeDave20 achievements

+55 2. CallMeDave commented 12 years ago

The deal is not quite as rosy at it may first appear. The bulk of the 'Billion dollars' will be in the form of shares in Facebook, which they are prohibited from selling for 10 years. So if Facebook goes out of fashion and their share price collapses within that time (quite likely imho) the deal will be virtually worthless. :D
Picture of Johnnosk28 achievements

+9 3. Johnnosk commented 12 years ago

#2 Good point
Picture of cyberdevil32 achievements

+8 4. cyberdevil commented 12 years ago

So no money then. :P He sounds happy anyway.
Picture of gcleffff29 achievements

+1 5. gcleffff commented 12 years ago

no reaction from the anchor ?
Picture of Natan_el_Tigre52 achievements

+4 6. Natan_el_Tigre commented 12 years ago

Just say no to Facebuck, friends! Instead, reach out and touch someone:
Picture of irishgek50 achievements

+1 7. irishgek commented 12 years ago

This is Faked ? The guy doing the voice is Dutch.

Here is a real video of Instagram Mike Kreiger.

And here is Kevin systrom!
Picture of CallMeDave20 achievements

0 8. CallMeDave commented 12 years ago

#6. Yeah right. Don't socialise for free on the Net, instead use your (Bell) telephone line to phone them instead and run up a colossal fuckin' bill. LOL. ;)
Picture of cameramaster55 achievements

+8 9. cameramaster commented 12 years ago

#6...I did just that !......The case comes up in court next week :-(
Picture of loadme33 achievements

0 10. loadme commented 12 years ago

#2 where did you get the information?
sounds reasonable, but i cant believe, that they are selling everything they have without any profit over the next ten years?
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0 11. AL7AIR commented 12 years ago

#10 #2 wrote "The bulk" so there is real money involved not just shares.
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0 12. loadrunner commented 12 years ago

And they boradcasted it live on the news :D
Picture of LaoMa28 achievements

0 13. LaoMa commented 12 years ago

#2: Not allowed to sell the shares for 10 years? Are you sure they actually agreed to that? It does sounds like a rather crappy deal, unless FB is going to give out some serious dividend every year.