On this day in 2012: Facebook bought Instagram for $1 billion.

I remember that day. Everyone thought Facebook was out of their mind for paying $1B for a company with only 13 employees. Sentiment towards $META was so bearish back then.

On the basketball court, we’d call this COOKIESSSSSSSSSS

Gary V is still going at it strong!

Back when a billion was a lot.

It actually closed at $715M because Facebook stock tanked after the IPO. Best discount in tech history.

One of the greatest acquisition. Nvidia made a great move this year by acquiring hugging face

Its probably worth $1 trillion now no?Kudos to @standers for having such conviction so early. Fun fact- Kevin and Mike started out by renting desks from us at Pier38 before they got their own office.

People said they paid too much at the time.

Made culture addicted to their phones.

what a bargain, in hindsight.

Now it’s worth 10x that much

Feels retro

bargain

Was it worth it?

Interesting

When you have third failure in a row.... 😂