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The company making $20m/year was seen as a threat by a bigger company making, at the time, $2000m/year. So the bigger company, worth something like $100B at the
by beagle3 9y ago
The company making $20m/year was seen as a threat by a bigger company making, at the time, $2000m/year. So the bigger company, worth something like $100B at the time, decided it was worth forking $19B to eliminate that threat.
It's that simple.
- onetimemanytime 9y ago>>So the bigger company, worth something like $100B at the time, decided it was worth forking $19B to eliminate that threat. Missed the point. They hated ads but they got the money ads made possible. FB with no ads can't even pay for hosting