3 ms·
I can't help but be reminded of eBay's acquisition of Skype. Back then people talked about how it must be part of some grand strategy that would surely be reve
by badsock 13y ago
I can't help but be reminded of eBay's acquisition of Skype. Back then people talked about how it must be part of some grand strategy that would surely be revealed as eBay played its hand, because it didn't make a lot of sense at the time. What use could an auction site have for what is essentially a telecom company?
Turned out there really was no concrete business reason, just senseless feeding frenzy and hand-waving about vision. Terrible idea for both companies.
- mladenkovacevic 13y agoThis buy could also be a purely preception-shaping move for Facebook. Sort of to send investors the message that "We're not just a spammy social network, we've interested in bigger things". The uptick in stock price alone from this kind of change in perception could make up for the Oculus investment many times over (I think the cash part of the deal was "only" something like 400 million?)