New Times,
New Thinking.

  1. Business
30 August 2012

Business quote of the day

Silicon valley business models edition.

By Alex Hern

An officer of the Department of Corporations asked [Instagram CEO Kevin] Systrom how Instagram made money.

“That’s a great question,” said Systrom. “We do not.”

Instagram answers questions as California decides whether to approve its $1bn takeover by Facebook.

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