2 ms·
Facebook wouldn't have paid billions for just a messaging app. What they really paid for is people's social graphs.
by Nextgrid 4y ago
Facebook wouldn't have paid billions for just a messaging app. What they really paid for is people's social graphs.
- resoluteteeth 4y agoI'm sure they are making money off of any data they can, but their actual strategy was pretty clearly buying potential competitors to ensure the company continued to dominate the market even if the facebook site began to lose users: https://www.ftc.gov/news-events/news/press-releases/2021/08/ftc-alleges-facebook-resorted-illegal-buy-or-bury-scheme-crush-competition-after-string-failed https://www.ftc.gov/news-events/news/press-releases/2021/08/...