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Zuckerberg negotiated Instagram buy with no board input

Zuckerberg negotiated Instagram buy with no board input

While it may have appeared that Facebook's purchase price of $1 billion of the app known as Instagram may have broken all barriers for the mobile software world, was originally going to be twice as nice - and all Zuckerberg. According to sources speaking with the Wall Street Journal, the original number asked by Instagram's Kevin Systrom was a whopping $2 billion USD. This number was negotiated over the course of three days (or so) before Systrom and Zuckerberg, essentially just the two of them, decided on a final price.

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Instagram wanted $2bn in Zuckerberg’s secret Facebook negotiations

Instagram wanted $2bn in Zuckerberg’s secret Facebook negotiations

Facebook's $1bn grab of Instagram last week could've cost the social network twice as much if it wasn't for Mark Zuckerberg's negotiation skills, bypassing the board for most of the acquisition preamble. Instagram creator Kevin Systrom was reportedly chasing a whopping $2bn for the photo filter and sharing app, according to the WSJ's sources, made more confident after Facebook had attempted to acquire his company the year before.

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Twitter tried to grab Instagram months before Facebook

Twitter tried to grab Instagram months before Facebook

An interesting report has surfaced regarding Instagram. At this point, we all know Facebook purchased the photo-sharing app for about $1 billion. The app had been around for two years and interestingly twitter co-founder Jack Dorsey was an early investor in Instagram. Reports are now surfacing that twitter had tried to buy Instagram "months" before Facebook.

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SlashGear Weekly Wrap-Up: April 14, 2012

SlashGear Weekly Wrap-Up: April 14, 2012

Happy Saturday, everyone. Hopefully you had a great week. If you've been too busy to keep up to date with all the goings on in the tech world, here's what you need to know. Eyes are still focused on Instagram, which has grown to 40 million users. Here’s something else to whet your electronics news appetite – T-Mobile breaks 1 million iPhone mark on EDGE. And here's some great news if you're Google stock holder – Google stock splits 2-for-1 to holder’s glee.

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SlashGear Evening Wrap-Up: April 13, 2012

SlashGear Evening Wrap-Up: April 13, 2012

Happy Friday, everyone! It's the end of another week. Have you all taken care of your taxes, or will you be waiting until 11:59 PM on Sunday? the last minute? If that's got you stressed out, here's some tech news to take your mind off things. Starting off with - Samsung confirms Windows Phone 8 for October and Samsung leaks Espresso tablet line. Oh, and if you were wondering how much that Facebook acquisition is already impacting Instagram, the site now has 40 million users.

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Facebook’s next app grab is TagTile

Facebook’s next app grab is TagTile

The cash Facebook has on hand isn't nearly ready to run out, this evidenced by the purchase this week of TagTile, a startup dedicated to making mobile payments as easy as possible. This company's purchase comes amid Facebook changing the mobile landscape by picking up Instagram for a whopping 1 billion dollars. Neither Facebook nor TagTile have yet announced the purchase price for the latter company as yet, but in that Facebook today launched their coupon program called Facebook Offers just this morning, we're guessing it wasn't a cheap pick-up (if TagTile was smart, that is.)

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Hands on with Viddy: Instagram for Videos

Hands on with Viddy: Instagram for Videos

The developers at Viddy Inc have had no qualms about riding the coattails of Instagram as the latter company shot to stardom over the past few weeks - and with an interface nearly identical and videos instead of photos to boot, why shouldn't they? Made by a completely separate set of developers than the folks who brought you Instagram, this app has been described many times in it short history as "Instagram for Videos." Imagine our surprise then when we had a peek at it and it actually was!

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SlashGear Evening Wrap-Up: April 11, 2012

SlashGear Evening Wrap-Up: April 11, 2012

Happy Wednesday, everyone. It's April 11 and it's time to take a look at the stories that made heads turn in the world of tech today. Or, at least, the stories that made eyes roll, like this - Verizon upgrade fee last to the party. Yep, now on all carriers you'll have to pay more to get the newest technology. Speaking of new technologies, LG Google TV 2.0 takes on future Apple TV this week. And in other Google news, Google+ refresh triggers social fury.

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Four alternatives to Instagram

Four alternatives to Instagram

As Instagram gains some intense success after it's been released to Android, gets a bump for iPhone, and is purchased by Facebook for a billion dollars, you might find yourself looking for alternative apps that do essentially the same thing. We just happen to have three alternative apps ready for you to peek at right here - each of them more high quality and powerful than the last! Will you be able to pull yourself away from the simplicity and coolness of Instagram long enough to switch?

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