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Every big techco was the target of numerous buyout offers along the way. Yahoo! tried to buy Google and Facebook got any number of offers. It makes sense when
by asah 2y ago
Every big techco was the target of numerous buyout offers along the way. Yahoo! tried to buy Google and Facebook got any number of offers.
It makes sense when the growing company doesn't have a path forward (e.g. YouTube's bandwidth costs) or the price is truly crazy (e.g. WhatsApp).
It's not clear to me why Instagram sold out to Facebook for $1B.
- nickfromseattle 2y agoIt was only a few years old with a 1-2 dozen employees. Social networks hadn't been monetized in the way they are today. The market thought Facebook overpaid for Instagram.