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Zuckerberg Closed Instagram Deal On His Own

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News broke yesterday that Marc Zuckerberg brokered and closed the deal with Instagram on his own. According to a [URL="http://www.mediapost.com/publications/article/172781/zuckerberg-does-instagram-deal-solo.html"]Media Post[/URL] article, he told the Facebook board of directors rather than consulting them about the deal on the same day that the rest of the world found out about the deal. Zuckerberg owns controlling interest in Facebook, so that could be interpreted to mean that he did not need to consult the board. Some say that it means it is more of a dictatorship than a business, some say it shows that he was able to quickly, swiftly and successfully close a big deal. Portraying Facebook as something of a dictatorship, [URL="http://online.wsj.com/article_email/SB10001424052702304818404577350191931921290-lMyQjAxMTAyMDEwNzExNDcyWj.html"]The Wall Street Journal[/URL] reports that CEO Mark Zuckerberg essentially did the deal himself.

Read more: [URL="http://www.mediapost.com/publications/article/172781/zuckerberg-does-instagram-deal-solo.html#ixzz1sSH8ywhG"]http://www.mediapost.com/publications/article/172781/zuckerberg-does-instagram-deal-solo.html#ixzz1sSH8ywhG
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