Instagram Originally Asked For $2 Billion

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Facebook raised a lot of eyebrows when it bought Instagram for $1 billion last week.

But that’s actually a bargain compared with Instagram CEO Kevin Systrom’s original asking price of $2 billion. That spectacular number appears in Wall Street Journal, which this evening ran down the details of the intense negotiations between Systrom and Facebook CEO Mark Zuckerberg.

Read more: Instagram Originally Asked For $2 Billion

Story added 18. April 2012, content source with full text you can find at link above.