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Instagram, if it was allowed to expand and develop more social features, could have actually left Facebook in the dust. Seeing as how Facebook is perceived to
by veyron 14y ago
Instagram, if it was allowed to expand and develop more social features, could have actually left Facebook in the dust. Seeing as how Facebook is perceived to be worth far more than a billion dollars, 1B is relatively cheap.
- pcwalton 14y agoExactly. Facebook is determined not to become MySpace by heading off competition before it becomes too late. One of the most effective ways to head off that competition is to purchase it.
- sreyaNotfilc 14y agoYou could be right. I have been reading a lot about startups as well as listening to podcasts and whatnot. It seems to me that a lot of them only exist only to get acquired. Perhaps that was Instagram's reason for starting in the first place. The reasoning is probably that its really hard to get acquired by a company. But, its extremely hard to build a lasting company. So, pick your poison. I'm not sure how I would react if I had to sell a company that I painstakingly created. Would I want the "quick" cash or just say "No, I'm not done yet"? I cannot say. I guess it depends on where you're when/if a suitor does come along to purchase your company.
- michaelbuckbee 14y agoIt is odd to think about but Facebook is at heart a social photo sharing site. Photos drive a tremendous amount of the activity within the system (posting, tagging, commenting), even their name 'facebook' stems from class photo books.