Comment by weird-eye-issue
3 hours ago
Just wait until you hear that Facebook bought Instagram for $1 billion in 2012, when it was generating no revenue.
3 hours ago
Just wait until you hear that Facebook bought Instagram for $1 billion in 2012, when it was generating no revenue.
While it's probably easier to say this in retrospect, they were eliminating a direct competitor to their core business. Something so advantageous it should have been blocked by regulators.
I can't see this as being as good of a purchase, especially when it's 13x the price of what was seen as an absurdly large amount back then.
You are very good at bringing up irrelevant numbers and missing the forest for the trees
You are right, we are in a post numbers and reality economy.