Business quote of the day

An officer of the Department of Corporations asked [Instagram CEO Kevin] Systrom how Instagram made money.

“That’s a great question,” said Systrom. “We do not.”

Instagram answers questions as California decides whether to approve its $1bn takeover by Facebook.

Subscribe to our newsletters View all newsletters

The best of the New Statesman’s politics and culture writing, in your inbox. Sign up here

Select and enter your email address

The Saturday Read

Your weekly guide to the best writing on ideas, politics, books and culture every Saturday. The best way to sign up for The Saturday Read is via saturdayread.substack.com

Morning Call

The New Statesman's quick and essential guide to the news and politics of the day. The best way to sign up for Morning Call is via morningcall.substack.com

Your email address

First Name

Last Name

Sign up

Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.

THANK YOU

Subscribe to the New Statesman for £1 a week

Subscribe

Close

Content from our partners

What does a new war book look like for the UK?

Fiona Walters

Breathless Britain

Ahmed Moussa

A revolution in mental health science

Professor Miranda Wolpert

Related

Polling

Could misogyny decide Makerfield?

Labour

The limits of Andy Burnham

Investigation

Will the Amos review fix our broken maternity system?