Instagram would have succeeded without Facebook’s $1B takeover, co-founder testifies

Source: New York Post

Instagram would have been successful even if Facebook founder Mark Zuckerberg had never purchased the photo-sharing app for $1 billion in 2012, co-founder Kevin Systrom said during the FTC’s landmark antitrust trial on Tuesday. Systrom, who was called to the stand by the FTC, testified that Instagram was experiencing explosive user growth prior to Zuckerberg’s acquisition offer. The 41-year-old also said he was confident Instagram could have eventually rolled out features like video and private messages without Facebook’s help.