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Facebook is an awesome company. Instagram is awesome too. But when someone buys a 13 person company with no revenue for a billion dollars, it means that some
by johnrob 14y ago
Facebook is an awesome company. Instagram is awesome too. But when someone buys a 13 person company with no revenue for a billion dollars, it means that some variable in some equation got corrupted. Most likely that variable was the 100B valuation of facebook.
- mikejsiegel 14y agoWhat about when someone buys a 65 person company with no (or close to no) revenue for $1.65 Billion? That's what GOOG did with YouTube, and YouTube should have at least $1 Billion in revenue this year. They got it cheap in retrospect.