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So Facebook is like giant a rail company in the late 1800s.
by orblivion 15y ago
So 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.