They approved the tumblr deal. Matt promised targets. Every target was missed and financially the deal was a failure. The board then stopped any further acqu

They approved the tumblr deal. Matt promised targets. Every target was missed and financially the deal was a failure. The board then stopped any further acquisitions. I would guess that texts / beeper were cheap and that Matt is looking at a very very long time to profit. He was once a fan of the 'pizza/team' ratio that Bezos/Amazon pushed, so maybe that's where he is looking.