Zuckerberg bought Instagram first, told Facebook board later

Josh Peterson Contributor
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With Facebook’s massive IPO right around the corner, CEO Mark Zuckerberg made the company’s largest acquisition ever without consulting his board of directors, according toan account in today’s Wall Street Journal. Instead, the 27-year-old boss decided to buy the photo-sharing app Instagram for $1 billion from the privacy of his $7 million Palo Alto home, where he negotiated for three days with 28-year-old Instagram founder Kevin Systrom. Then, according to a Journal source, the board “was told, not consulted.”

Full Story: Mark Zuckerberg Bought Instagram Without Really Asking the Facebook Board