The reason I’m posting a bunch of links regarding the big Instagram deal is because I don’t think anyone saw this coming. It’s pretty shocking.
Anyway, Mike Isaac over at Wired magazine notes what each of the employees will be receiving. Suffice to say, it’s a huge paycheque, especially for the CEO:
[Instagram CEO Kevin] Systrom owns 40 percent of Instagram, according to a source close to the company, who provided Wired with figures from 2011. That will net Systrom $400 million to take home as a result of the deal.
Isaac also notes that Instagram’s 13 part-time employees each get a portion of a $100-million pool. That’s one enormous payday.
Mark Zuckerberg took to Facebook today to announce that Facebook has agreed to acquire photo-sharing service Instagram for $1 billion in “a combination of cash and shares of Facebook.” The entire Instagram team — 6 employees — will be joining Facebook, and interestingly, Zuckerberg says that Instagram will be built and grown “independently” and that its integration with other services is an “important part of the experience.”
Big, slightly alarming news. I love Instagram, and I don’t hate Facebook nearly to the extent that detractors seem to. But I can’t see how the sterility of the latter will integrate with Instagram.