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I was a bit tongue-in-cheek. I don't think Instagram is worth anywhere near even $100M. They have $0 in revenues. I think if they were to try to self-sustain
by steve8918 14y ago
I was a bit tongue-in-cheek. I don't think Instagram is worth anywhere near even $100M. They have $0 in revenues. I think if they were to try to self-sustain themselves from their own revenues, they would have gone under, but what do I know.
That being said, ZNGA makes roughly $1B in revenues, which gives them 2-3x current revenues. I perceive that as being cheap, but I could very well be wrong. I'm just placing my bets, and if they don't turn out, then I'll sell at a loss.