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Instagram was already valued at $500 million from a recent major funding round by the top VC firms in silicon valley. They were also one of the top apps in the
by jjeaff 4y ago
Instagram was already valued at $500 million from a recent major funding round by the top VC firms in silicon valley. They were also one of the top apps in the app store and were leagues ahead of Facebook when it came to photos. So again, it was a good investment, but not contrarian by any means.
- reducesuffering 4y agoHN mostly poo-poo’ing the acquisition: https://news.ycombinator.com/item?id=3817840 https://news.ycombinator.com/item?id=3817840 Check the tech headlines around 2012