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$18.4 billion dollars is a LOT of cash (to compare, Google raised $2.7 bn with their IPO). They can buy 18 SpaceX's, 2.3 Twitters or, you know, 18 more Instagra

$18.4 billion dollars is a LOT of cash (to compare, Google raised $2.7 bn with their IPO). They can buy 18 SpaceX's, 2.3 Twitters or, you know, 18 more Instagrams. Their future is minted.

jlgreco 14y ago
> "18 SpaceX's, 2.3 Twitters" This industry is so messed up...
- dguaraglia 14y ago
  I completely agree. When the perceived value of a company whose only asset is a clever idea and some hype is bigger than that of a established company with a real business model (say, Philips) you know you are treading into make-wish territory. But nooo, say that to most people in the industry and they'll chew your head off for being narrow-minded and oblivious to how 'the economics of startups' works.
  - EternalFury 14y ago
    Oh, you will be down-voted times and times again for even posting things like that. It's self-preservation, since a large percentage of current start-ups rely on similarly ad-driven pie-in-the-sky schemes where the best and only possible exit is a sale to Facebook or another large entity with more money than sense.
- mkramlich 14y ago
  Agreed. One is literally rocket science (ok, engineering) and if things go wrong, people die. The other is something I could code up this weekend, and if things go wrong, a tweet is mistweeted or delayed, oh noes.