3 ms·

"Facebook could have started an entire space program for less money than they spent on Instagram" Space-x spent cash. Facebook bought Instagram primarily with

by larrys 15y ago

"Facebook could have started an entire space program for less money than they spent on Instagram" Space-x spent cash. Facebook bought Instagram primarily with stock.

brianobush 15y ago
I think he was referring to value, not liquidity.
- larrys 15y ago
  I think it was pretty clear - "less money than they spent on Instagram" "money". Facebook didn't spend that in cash or most likely anywhere near that. Now if Space-x had invested 1% of their market and done this, the comparison would be fair.
- alanbyrne 15y ago
  I was.