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The making of billion dollar app Instagram

California has been famous since the gold rush for creating fortunes overnight. The Golden State was a dream factory for get-rich-quick schemes from pioneers with pickaxes to beautiful people aiming to be Hollywood stars.

But only in Silicon Valley can a couple of 20-somethings turn 551 days, or 78 weeks, of work into a $US1 billion fortune.

Kevin Systrom, 28, joined the long line of technocrats turned plutocrats on Monday in the US when he sold Instagram, a profitless photo-sharing app that’s less than two years old, for $US1 billion.

About Mohammad

Dr Mohammad Khazab completed his Ph.D. in Computer Systems Engineering (Artificial Intelligence) at the University of South Australia in 2011. He has worked as Senior Software Engineer, Web Developer, and Research Associate on various projects. Currently he works at Schneider Electric on the design and development of new software solutions for smart devices used for home automation and Internet of Things. He's also been working on enterprise software for supply chain network simulation and optimisation, advanced planning and scheduling. In his spare times, In his spare times, he works on creating websites and mobile applications (Web2day Design), researching and writing about cutting-edge technologies in this blog. He has ambitions to solve real-world problems, and to use his knowledge and skills to develop useful applications.

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