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To me, Instagram and a gazillion other companies on the web exist solely to be acquired. I mean, what can Instagram really charge for? It has basically become a
by leak 15y ago
To me, Instagram and a gazillion other companies on the web exist solely to be acquired. I mean, what can Instagram really charge for? It has basically become a chat app but with pictures to start the conversation instead of "hey!".
- billpatrianakos 15y agoThank you! I thought I was the only one. I feel like saying this sort of thing on HN is blasphemy and stuff people don't want to hear even if it is only out of sincererity and curiosity. Acquisition makes sense but there are far too many startups out there tht seem to have this model. That's going to hurt a lot of people in the long run. Those who aren't acquired will have gotten rich but the VCs will get burned and then there will be far less investors willing to spend some money when a startup that actually has a valuable product with a profitable model comes around. It's like a big race to get in on the startup trend before the bubble bursts.