The hottest news today comes from Tech world. Kevin Systrom and Mark Kreiger have become instantaneous millionaires. In a move that has caught the fancy of whole world, FaceBook has acquired Instagram for $ 1 Billion.
For those who are not much into the tech world, Instagram is a photo sharing application that launched a couple of years ago. The app has already crossed 30 million users all over the world. It is used by Apple and was also named the Best app of the year by Apple. Experts say that the CEO Kevin Systrom will make around $400m in this deal. Cofounder Mark Kreiger will also get a good part of the booty.
For those who are not much into the tech world, Instagram is a photo sharing application that launched a couple of years ago. The app has already crossed 30 million users all over the world. It is used by Apple and was also named the Best app of the year by Apple. Experts say that the CEO Kevin Systrom will make around $400m in this deal. Cofounder Mark Kreiger will also get a good part of the booty.
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