Acquisitions

Sorry, But the Lesson of Instagram Is Not: Teach Yourself to Code and You, Too, Can Get $400 M.

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The impulse to draw inspiration and meaning from a face-melting deal like Facebook’s $1 billion bid for Instagram is only human. Otherwise, you’re out at sea, drowning in headlines about how a 28-year-old made $400 million yesterday, a two-year-old photo app is worth more than The New York Times, and how investors doubled their money overnight.

Everything you know about the creation of wealth torn asunder–all thanks to a service you helped promote. The impulsive backlash was enough to compel Courtney Boyd Meyers to remind everyone that for-profit companies are not your friends.

Thus, it comes as little surprise that the stickiest story about Instagram this morning, judging by our Twitter feed, is a post on The Next Web about how CEO Kevin Systrom was once a lowly marketer who taught himself to code at night. Read More