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I agree...but the point was not about the revenues, the point was about making sure that when you think about photos - to share or to browse(which is the most u
by 2pasc 15y ago
I agree...but the point was not about the revenues, the point was about making sure that when you think about photos - to share or to browse(which is the most used app on Facebook), you think about Facebook. The risk of being displaced by Instagram on that crucial activity was too high for Facebook.
- orblivion 15y agoSo Facebook is like giant a rail company in the late 1800s.
- 2pasc 15y agoWell... 1B is an amazing amount of money, but it is "just" 1% of Facebook post IPO value. What are the odds that Instagram growing more and more, the market freaks out, and Facebook stock loses 3-4% in a few weeks. Facebook buying Instagram is an insurance against this bumpy ride happening, and at a price much less that what it would be on the stock once Facebook becomes public.
- dkrich 15y agoExcept that in the 1800's you couldn't build another B&O in six months with a couple of nerds with Macs.
- skeletonjelly 15y agoYou're thinking of Valve.