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Yep. Kudos to them, I remember thinking this was one of the dumbest acquisitions I had heard of, until Whatsapp. But Instagram has been a huge success. The t
by pfarnsworth 10y ago
Yep. Kudos to them, I remember thinking this was one of the dumbest acquisitions I had heard of, until Whatsapp. But Instagram has been a huge success.
The thing is that the Instagram and Whatsapp acquisitions are responsible for fueling this idea that all you need to do is create growth, and Facebook and/or Google will pay billions to acquire your company. Snapchat would never have gotten funding if there wasn't this dream that this could happen. We'll see if Snapchat is worth the $25B that is purported for their IPO, but I think those two acquisitions were the catalyst for all of this.
- ReverseCold 10y agoI can't imagine Snapchat not being worth $25b. They should be (in theory) minting money with all the native ads they sell.