11 Biggest Companies Acquired By Facebook

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 3. Instagram – $1 billion in 2012

In order to gain a mobile foothold, Facebook acquired Instagram, one of the in April 2012. The deal came just prior to Facebook’s IPO in May 2012 and Zuckerberg was criticized by some skeptics for the exorbitant price it paid. Instagram was launched as a photo sharing social media app in October 2010. The acquisition is already bearing fruit, with Credit Suisse analysts estimating that Instagram delivered more than $3 billion in revenue in 2016. Since its acquisition by Facebook, the Instagram community base has grown from 80 million users in July 2012 to more than 500 million.

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