4 ms·
I bet Zuck is starting to regret spending $1B on Instagram right about now. Still... Facebook has a very strong monopoly on the social graph, and the eyeballs
by soup10 14y ago
I bet Zuck is starting to regret spending $1B on Instagram right about now. Still... Facebook has a very strong monopoly on the social graph, and the eyeballs of most computer and smartphone users. There's significant value there if they can look beyond simply optimizing advertisements. How about taking a page out of google's book and getting into search? They could call it Facebook+ :D
- jonknee 14y agoIt was a mostly stock deal, so probably not.
- nostromo 14y agoIt was $300m in cash and the rest in stock, valued at ~$30 a share. The current value of the deal is more like $800m.
- JeanTouman 14y agoThank god for the cash.
- duaneb 14y agoFB is not losing any money - investors are. $1B is still a drop in the bucket for facebook.
- ojbyrne 14y agoThose investors probably include every single person who works at facebook.
- encoderer 14y agoIt's in Facebook's interest for those shareholders to be long-term investors. The real damage I suppose is that, if it continues to drop, they'll certainly be a number of newish hires that have their option grants underwater. Not practically a big deal because there's certainly a cliff to their vesting, but underwater options aren't much of a retention tool.
- jonknee 14y agoIf a drop of the bucket is a years worth of non-GAAP profit, I guess you're right.