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This is why you never pay $1.8 billion for a social media company. It never ends well for the new owner. Not just Stack Overflow but also Tumblr, Vine, MySpace
by Legend2440 5mo ago
This is why you never pay $1.8 billion for a social media company.
It never ends well for the new owner. Not just Stack Overflow but also Tumblr, Vine, MySpace, Twitter, and more. Instagram might be the only exception.
Good job on the founders for selling at the peak though.
- slashdev 5mo agoInstagram, YouTube, WhatsApp seemed to work out well. It’s always more complex than you think
- colonelspace 5mo agoAre YouTube and WhatsApp social media?
- nicce 5mo agoYes, few of the prime examples?
- kingstnap 5mo agoYou named the two biggest platforms [0], YouTube and WhatsApp are the social media. This is kinda like asking if Saudi Arabia and Russia are petrostates lol. [0] https://en.wikipedia.org/wiki/List_of_most_popular_social_platforms https://en.wikipedia.org/wiki/List_of_most_popular_social_pl...
- womble2 5mo agoThey were made into social media, but when they were aquired they were just video hosting and sms replacements with little (no?) social engagement aspect.
- CuriouslyC 5mo agoInsta and YT were bought fairly early on the ascent and then pumped hard with some resources and autonomy before being folded in completely. WhatsApp is a legit counterpoint though.
- PixyMisa 5mo agoAnd Google already had Google Video when they bought YouTube. They retired their own platform to go all in on the acquisition.