Meta got a screaming deal buying instagram for 1 billion – Breaking News & Latest Updates 2026
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FTC v. Meta: the antitrust battle over Instagram and WhatsApp

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L
Systrom says Zuckerberg got a ‘screaming deal’ by paying $1 billion for Instagram.

Instagram has since “generated many multiples of that price and then some,” Systrom says, adding that, “the number of people at Facebook who said, ‘I don’t know where we’d be without you,’ was many.” He dryly gives Zuckerberg some credit: “Sometimes you make a bet and it turns out well, and I think Mark did that.”

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