Tech

Zuckerberg Says Facebook's Purchase Of Instagram Is A One-Time Deal Of This Scale

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Buried in the new release that Facebook is buying Instagram is a suggestion from Facebook CEO Mark Zuckerberg that this is a one-time deal.

"This is an important milestone for Facebook because it's the first time we've ever acquired a product and company with so many users. We don't plan on doing many more of these, if any at all," Zuckerberg said in his announcement.

We're skeptical.

There was a time that Mark Zuckerberg also never thought he would take Facebook public. The company is eight years old.

Executives change their minds all the time — and Zuckerberg might change his mind on this one too.

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Prior to joining Business Insider in 2011, Matt covered video games and technology at VentureBeat. He also covered markets and stocks for Reuters. Matt is a graduate of the University of North Carolina at Chapel Hill, where he studied mathematics, physics and business journalism. This page is from an old version of Business Insider. To see Matt's recent articles, visit his updated author page here.