Answer to Question #166646 in Marketing for william

Question #166646

Read the article: History of Facebook In Photos by Matt Wiesenberger


  1. Give a summary/explanation of what happened in 2012
1
Expert's answer
2021-03-03T08:41:52-0500

Give a summary/ explanation of the article in 2012

Facebook had its initial public offering of $5 million on May 18, 2012. It also started offering its employees ‘little red book’ which had a propaganda-like slogan, the book became a legend; this book was to ensure that while the company rapidly grows, they remain on the same page. This same year, Facebook bought Instagram for $1 billion and it had 400 million users at the time. Facebook buying Instagram showed that they are prepared to eliminate any new entrances that threaten to interrupt their survival. In addition, Mark Zuckerberg married his college sweetheart Priscilla Chan. 


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