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... right. Surprise the world by throwing a billion dollars down for a social media company with 11 employees - a month or two before your IPO - because you don
by adgar 14y ago
... right. Surprise the world by throwing a billion dollars down for a social media company with 11 employees - a month or two before your IPO - because you don't care if they have to stay your competitor for another 6 months (or more).
Right.
- taligent 14y agoIt was rumored that Google et al were also interested in Instagram. So a billion dollars sounds pretty cheap to prevent a competitor getting hold of a very popular and strategically important social network.
- dsl 14y agoThey can drag the investigation for as long as possible, then pay a few hundred million to kill the deal. Killing a competitor (which honestly has 100% userbase overlap with FB anyway) and cockblocking Twitter and Google at the same time. It sounds crazy, but remember when Google bid 4 billion on wireless spectrum just to create a better environment for Android?