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Kevin Systrom

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Facing Backlash, Instagram Backpedals On Terms Of Service Changes But Doesn’t Appease Everyone

via David Strreitfeld and Nicole Perlroth, The New York Times Facebook may have quelled a full-scale rebellion by quickly dumping the contentious new terms of use for Instagram, its photo-sharing service. But even as the social network furiously backpedaled, some users said Friday they were carrying through on plans to leave. Ryan Cox, a 29-year-old … Continue reading

A Picture’s Worth A Billion Dollars

via Josh Constine, TechCrunch Facebook has just finished a deal to acquire mobile photo sharing app Instagram for approximately $1 billion in cash and stock. Instagram will remain an independently branded standalone app that’s separate from Facebook, but the services will increase their ties to each other. The transaction should go through this quarter pending some standard … Continue reading

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