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Facebook's 'Facebook' Story - Facebook vs. Instigram
facebook lost the most stock value in a single day of any company in us history. i heard over and over that this was framed internally as giving back to the family. It meant that instagram had been sucking away the resources of face book's family of aps, and now needed to pay back its debts another way. Sistram wrote a memo to his team saying he disagreed with the decision and went on praternity leave in september 20. The head of the news feed, adam missari, had moved over to instagram to run product. And the straw that broke the camel's back, zuckeberg made the call to turn off the growth spigot,