Instagram CEO just made $400 million, or $725,000 per day

Instagram CEO just made $400 million, or $725,000 per day

Instagram chief executive Kevin Systrom just netted $400 million for selling his two-year-old startup to Facebook for $1 billion. That’s according to a report by Wired, which cites sources indicating that Systrom holds 40 percent of the company he founded – an impressively large chunk for any entrepreneur at the time of exit,…

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via: venturebeat.com

This is big news for Instagram.  Although I haven’t used this service before I’d say this is a big win for its CEO Kevin Systrom.  I think Facebook is just throwing money around trying to buy up all the best start-ups.  Facebook is moving towards world domination as fast as it can.  I’m very curious to see what will be the next thing to be enveloped by the giant Facebook.

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About bhattibytes

Tech Blogger and Social Media Advocate. Sales and Business Development Executive
This entry was posted in Industry News and tagged , , , , , , , . Bookmark the permalink.

One Response to Instagram CEO just made $400 million, or $725,000 per day

  1. straderade says:

    Must be nice 🙂

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