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Facebook's (FB) purchase of Instagram was "a Mark Zuckerberg production," according to DealBook....
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Thursday, April 12, 2012, 4:02 PM ETFacebook's (FB) purchase of Instagram was "a Mark Zuckerberg production," according to DealBook. Less than 24 hours after Instagram obtained funding at a $500M valuation , Zuckerberg called CEO Kevin Systrom, and worked out a deal over the next 48 hours. The fact Zuckerberg kept Facebook's underwriters in the dark about the deal, and didn't wait until after the IPO, has many bankers seething. Chances are they also won't be happy if he decides to skip Facebook's road show.
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This news story has 3 comments:
How many more of these are in store for the future??
We'll put that one in the dumb ass 101 folder.