I was at Google in 2017 when the company announced it was hiring the first female VP of engineering, and she had the following to say: "Google was the first to build a fully mobile, online-first search platform.Google's vision is to empower everyone to make the most of the web.Google is now the leading search engine for the world.It's the number one platform for businesses to get search results, s...
Instagram has entered into a deal to buy a group of mobile-messenger companies called Instant Messaging.
Instagram says it will pay $1 billion for the group, which will include two other mobile-video brands: Snapchat and InstaSnap.
The deal is expected to close in the first half of next year.
Instant Messages is a $200 million-a-year company that was acquired by Snap in 2015 for $250 million.
The company’s founders are former Facebook employees.
It’s an all-female startup that focuses on making video-messages accessible to women, and has been popular with younger girls.
Instant Messages will operate as a division of Snapchat, the Instagram-owned messaging app that has more than 5 billion daily users.
InstaMessages will be led by former Facebook CMO and former Insta CEO Natalie Gheen, who left Facebook in 2016 to found Insta.
Instagram has been struggling to grow its video-video business, which has been hampered by Snapchat’s dominance in the video-sharing space.
Snapchat is also working on a video-based product called Vine, which Instagram bought for $1.4 billion in 2018.