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Just wait until you hear that Facebook bought Instagram for $1 billion in 2012, when it was generating no revenue.
by weird-eye-issue 1mo ago
Just wait until you hear that Facebook bought Instagram for $1 billion in 2012, when it was generating no revenue.
- Gigachad 1mo agoWhile it's probably easier to say this in retrospect, they were eliminating a direct competitor to their core business. Something so advantageous it should have been blocked by regulators. I can't see this as being as good of a purchase, especially when it's 13x the price of what was seen as an absurdly large amount back then.
- weird-eye-issue 1mo agoYou are very good at bringing up irrelevant numbers and missing the forest for the trees
- Gigachad 1mo agoYou are right, we are in a post numbers and reality economy.
- weird-eye-issue 1mo agoAre you 15x more sure of that than you were last year?