Instagram CEO Joins the League of Billionaire As Facebook Stock Soars. May be this could not have been achieved without Instagram deal with Facebook that happened around 4 years back. This billion-dollar deal finally made Kevin Systrom, the CEO of Instagram as the billionaire in his own right.
There is no doubt that the revenues of Facebook are soaring day by day due to its popularity from few years. This directly impacts the other platforms associated with it as well. Presently, after Facebook, Instagram is also very famous and that is why the decision of both companies come out fruitful, both from revenue and user’s base perspective.
Instagram CEO Joins the League of Billionaire As Facebook Stock Soars
The success story of Systrom is evident from the fact that when he was owing Instagram himself in 2012, he had no revenues despite 30 million user on Insta. Whereas, right now after Insta sale to Facebook on $1 billion in cash & stock, Systrom is benefited by an estimated amount of $1.1 billion. (Source: FORBES)
Time has wings and with changing days one’s fortune also changes, only if right decision is taken on right time. And same efforts are done by the Instagram. The CEO of company realized in 2012 that it can not achieve milestones while being alone and that is why it sell Insta to Mark Zuckerberg.