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> Facebook spent $20 billion on WhatsApp and Instagram; Microsoft spent $26 billion on LinkedIn and $7.5 billion on GitHub. Deals such as these were possible on
by the_watcher 7y ago
> Facebook spent $20 billion on WhatsApp and Instagram; Microsoft spent $26 billion on LinkedIn and $7.5 billion on GitHub. Deals such as these were possible only because those acquiring companies were themselves so very profitable.
Instagram had $0 revenue when acquired. WhatsApp had some revenue, but was not profitable IIRC.
EDIT: misread the line, above comment rescinded.
- howlingfantods 7y ago"acquiring companies" not "acquired companies"
- the_watcher 7y agoOops, misread the line.
- magicnubs 7y ago> because those acquiring companies were themselves so very profitable. The quote says that the acquiring companies were profitable, not the acquired companies.
- the_watcher 7y agoFair enough, misread that line.