Zuckerberg On Instagram: There’s Been No Integration, The Acquisition Hasn’t Closed
Alexia Tsotsis is the co-editor of TechCrunch. She attended the University of Southern California in Los Angeles, CA, majoring in Writing and Art, and moved to New York City shortly after graduation to work in the Media industry. After four years of living in New York and attending courses at New York University, she returned to Los Angeles in... ? Learn More Asked today on Facebook’s very first earnings call about the status of Facebook’s acquisition of Instagram, Facebook CEO Mark Zuckerberg confirmed that the mobile photosharing startup had not been integrated AT ALL into Facebook, “The acquisition hasn’t closed, so no integration at all yet. There will be an update when that happens.” he said. This aligns exactly with what we’re hearing is happening with the deal, namely stalling. Instagram is functioning almost completely independently of the social network and continues to grow, adding 30 million users since the acquisition this past May. We’ve also heard rumors that the genera...