Comment by cgio
16 hours ago
I hear you, and mostly share the point of view, but that’s what people were saying about the instagram valuation too.
16 hours ago
I hear you, and mostly share the point of view, but that’s what people were saying about the instagram valuation too.
Survivorship bias, I think. Our go to is the big, high profile success. But look at the amount of money Zuck has wasted on the Metaverse. He’s most definitely fallible.
What's the dollar-per-user figure between these two examples?
Instagram only had approx 10mn users when acquired. That was a long time ago though, and Facebook was at a very different stage in its lifecycle.