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I am not convinced that Facebook needed all the money that they've spent to reach this level. What do they need money for?
by medianama 18y ago
I am not convinced that Facebook needed all the money that they've spent to reach this level.
What do they need money for?
- sho 18y agoEarly on they needed money, and a lot of it, for servers. They were highly cashflow negative and realistically only VC or outright acquisition could have paid for it. A case could certainly be made that they took too much money, and I would agree with that, but they did need money from somewhere.