Facebook purchased Instagram for $1 billion in cash and stock (though the final cost was closer to $715 million because the stock on which part of the deal was based declined in value). It was Facebook’s biggest acquisition to date, and came a month before the social network’s initial public offering.
I think they, Systrom and Krieger, are just tired being the part of the idea which is not surprising to everyone now. And who cares? But I read more surprising sentence in “Daring Fireball“, “Interesting, too, that they’re leaving together.”
Guys are millionaires, we shouldn’t worry about their future. Lol.