Home / Events on 12 April / Facebook acquires Instagram
On 12th April 2012, Facebook acquires Instagram for $1 billion cash and stock. A year later, Facebook had grown by only 3% while Instagram grew 23%. The deal was officially closed on 6th September 2012.
Instagram had been launched on 6th October 2010 by Kevin Systrom and Mike Krieger.
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The Amazon.com "smile/arrow" logo was designed by Turner Duckworth. Jeff Bezos once commented on his company's logo, "Anyone who doesn’t like this logo doesn’t like puppies."