September 19, 2014
September 18, 2014
Rob Ford issues audio statement while waiting to undergo treatment for his cancerous abdonmenal mass
The TTC promises to fix the new streetcar’s pronunciation of “Spadina”
Take Me to Church: a Torontonian’s look at an Irish music festival
A group is crowdfunding a new bus route from Liberty Village to Union Station
September 17, 2014
A new Toronto made app wants to change how you make and listen to playlists
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.

 

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