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He's also the guy who bought Instagram for $1bn and turned into a $70bn behemoth. If that's out of touch then I don't know what the opposite would be.
by elorant 5mo ago
He's also the guy who bought Instagram for $1bn and turned into a $70bn behemoth. If that's out of touch then I don't know what the opposite would be.
- jerojero 5mo agoThey bought out Instagram because it was shaping out to be a huge competitor, so I think that business would have grown to be a multibillion dollar one regardless. It was definitely very smart to buy them out when they did. I just think you're focusing on the wrong part.
- umeshunni 5mo agoIt's entirely possible that he's changed and his pulse of the market has changed in the 10+ years since that decision.
- kranke155 5mo agoHe did that because it was a solid data driven decision. Not sure he's shown ability to do anything beyond making solid decisions on which competitors to acquire.
- zeroonetwothree 5mo agoWasn’t this like 14 years ago? So not sure it really contradicts the comment you reply to.