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Instagram co-founder Kevin Systrom owned 40 percent of the company when Facebook purchased it for $1 billion today.

That means Systrom got about $400 million out of the deal today, according to a report from Wired.

:rofl: :rofl:

I'm laughing crazy.

Just imagine the founder

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Instagram co-founder Kevin Systrom owned 40 percent of the company when Facebook purchased it for $1 billion today.

That means Systrom got about $400 million out of the deal today, according to a report from Wired.

:rofl: :rofl:

I'm laughing crazy.

Just imagine the founder

hes the largest shareholder

\

The rest of the company’s 13 full-time employees will each get a portion of a nearly $100 million pool, with specific amounts awarded by how long the employee has worked at Instagram

lulz

who would stay at the company, or run away with ur monies

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UPDATE - Facebook is suffering something of a backlash in the wake of its $1bn acquisition of photo app Instagram yesterday afternoon in the US, which makes the company more valuable than the New York Times.

Instagram users have been been voicing their anger on Twitter with many saying they do not want Facebook to have access to more of their data or to flood the service with ads.

Instagram users have been posting details of how to delete accounts and numerous articles have appeared on tech blogs giving instructions regarding how users go about this closing their Instagram account.

On The Next Web There the site says there “is no guarantee that Facebook will be using the data gathered by Instagram but we wouldn’t bet against it in a million years. So, if you’d like to delete your Instagram account before your data is harvested and used by Facebook to sell you to advertisers, just head to the account deletion link here”.

ZDnet and On Hacker News have also posted the Instagram page that lets you delete your account.

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