April 19, 2014
December 17, 2013
Rob Ford Sort of Apologized to Daniel Dale Today
December 16, 2013
Rob Ford Missed An Opportunity to Avoid Getting Sued This Weekend
Movers and Starters: Chris Gory
December 13, 2013
Dean Blundell Show on Hiatus for Homophobic Jokes
The 13 Best Comments on Beyonce’s Instagram Page After Her Surprise Album
Instagram Billionaires Party in Vegas
The newly minted multimillionaires were seen partying in Sin City last weekend

Instagram’s co-founders Kevin Systrom and Mike Krieger were seen partying in Las Vegas last weekend after selling their company to Facebook for a reported $1-bln.  

Systrom and Krieger, both 26, will be paid in cash and in Facebook stock. The deal garnered great interest as it came just as Facebook was putting the finishing touches on their IPO which is scheduled for next month.

Although Facebook CEO Mark Zuckerberg has announced that they will run Instagram independent of Facebook, previous Facebook acquisitions have been either integrated into the wider Facebook fabric or have been shut down completely.

Instagram is a photo-sharing service that allows users to post photos using smartphones or tablets. The app is used by some 30 million people including celebrities including Justin Bieber, Zooey Deschanel, Snoop Dogg, Drake, and Rhianna.

The newly minted multimillionaires were seen at dinner with DJ Deadmau5 and producer Avicii at Wynn and Encore Las Vegas’s Botero restaurant.  The duo moved onto the resort’s XS nightclub, as seen in a photo with club managing partner Jesse Waits. There were no signs of extravagance,  and the party retired to bed by 4 a.m.

_____

May Jeong is Toronto Standard’s business editor. Follow her on Twitter @mayjeong.

For more, follow us on Twitter @TorontoStandard or subscribe to our newsletter.

 

  • TOP STORIES
  • MOST COMMENTED
  • RECENT
By Igor Bonifacic
April 24th, 2014
Industry Movers and Starters: Adam Hasham of Hurrier
Read More
By Igor Bonifacic
April 17th, 2014
Industry Movers and Starters: Ian Carnevale of Fora
Read More
By Igor Bonifacic
April 8th, 2014
Industry Pop-up Startup
Read More
By Igor Bonifacic
April 1st, 2014
Industry Movers and Starters: Mallorie Brodie and Lauren Hasegawa of Bridgit
Read More
  • No article found.
  • By Igor Bonifacic
    April 14th, 2014
    Industry Movers and Starters: Neven Zeremski of Dubb
    Read More
    By Igor Bonifacic
    April 8th, 2014
    Industry Pop-up Startup
    Read More
    By Igor Bonifacic
    April 1st, 2014
    Industry Movers and Starters: Mallorie Brodie and Lauren Hasegawa of Bridgit
    Read More
    By TS Editors
    March 10th, 2014
    Culture Revolutionizing the Beer Drinking Experience with the Sam Can (Sponsored)
    Read More

    SOCIETY SNAPS

    Society Snaps: Eric S. Margolis Foundation Launch

    Kristin Davis moved Toronto's philanthroists to tears ... then sent them all home with a baby elephant - Read More