General Information about: Instagram, Facebook
Instagram is a free photo-sharing platform launched in October 2010 by Kevin Systrom and Mike Krieger. It allows users to take photos, apply digital filters, and share them across various social media platforms such as Facebook and Twitter. In 2012, Facebook acquired Instagram in a $1 billion deal, and at the time of acquisition, Instagram had only 13 employees!
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As for Facebook:
Facebook was founded in 2004 by Mark Zuckerberg as an extension of the "Face Match" project at Harvard University. It rapidly expanded and, by 2006, became accessible to everyone over the age of 13. By 2009, Facebook had become the world's most widely used social media platform, surpassing 2 billion active users in the first quarter of 2019.
Key Facebook acquisitions:
WhatsApp: On February 19, 2014, Facebook acquired WhatsApp for $19 billion and made significant improvements to enhance security and privacy for users.
Instagram: On April 12, 2012, Facebook purchased Instagram for $1 billion and introduced multiple updates to enhance user experience.
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