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Buying a competitor (insta) is the greatest acquisition of all time? Literally just building a moat, not something I’d describe as the best in kind.
by notyourwork 3y ago
Buying a competitor (insta) is the greatest acquisition of all time? Literally just building a moat, not something I’d describe as the best in kind.
- ctvo 3y agoGreat. Go start your company and buy some competitors and become more successful than Meta. The space of what to buy, when to buy it, what to build, etc. etc. is all so easy in hindsight. Instagram was making 0 money and cost 1 billion to acquire -- a large amount at the time. It could have blown up in their face, but it didn't. Then he did it again with Whatsapp. Please stop pretending like things are easy from your sofa.