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Maroc Maroc - ASAASERADI.COM - A la Une - 16/Sep 12:56

Twelve years after Facebook’s US$1 billion Instagram acquisition, platform generates over US$250 billion in revenue

It feels like a lifetime ago when Meta, then Facebook, shook the very foundations of Silicon Valley by acquiring up-and-coming photo-sharing app Instagram for a whopping US$1 billion. At the time, many critics felt that the price was much too steep for a young startup yet to prove its long-term viability. Fast-forward to today, and …

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