That’s just like not something we’re really interested in. I mean, yeah, we can make a bunch of money—that’s not the goal.
Mark Zuckerberg: Facebook acquires Instagram
From Facebook’s Mark Zuckerberg:
I’m excited to share the news that we’ve agreed to acquire Instagram and that their talented team will be joining Facebook.
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 believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on Instagram’s strengths and features rather than just trying to integrate everything into Facebook.
Graphic: Who has the most stake in Facebook.
Analysis: A sobering look at Facebook
The most interesting data points in Facebook’s IPO
From the blog:
- Zynga accounted for approximately 12% of Facebook revenue
- Mark Zuckerberg’s compensation in 2011 was $1.49 million
- Full time employees increased from 2,127 as of December 31, 2010 to 3,200 as of December 31, 2011
Facebook filed for its hotly anticipated initial public offering on Wednesday, setting the stage for Silicon Valley’s largest-ever IPO.
The world’s largest social network, a dorm room project for Harvard dropout Mark Zuckerberg that exploded in popularity and vaulted to Silicon Valley’s top tier within 8 years , submitted preliminary IPO documents to the Securities Exchange Commission after weeks of frenzied speculation.
Read more: Facebook files for mega-IPO
