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If anybody was still wondering, yes, Facebook's Instagram acquisition was entirely defensive. That, more than anything, explains the $1BN price tag.
by guynamedloren 15y ago
If anybody was still wondering, yes, Facebook's Instagram acquisition was entirely defensive. That, more than anything, explains the $1BN price tag.
- mkramlich 15y agoYep. The most rational explanation for that valuation was that it was irrational. I truly think that was the thought process, whether consciously or subconscious. It sure as hell wasn't based on revenue.