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People said that Facebook overpaid for Instagram at 1B valuation. In hindsight that was extremely good deal that will pay many times over now that Instagram has
by smm2000 12y ago
People said that Facebook overpaid for Instagram at 1B valuation. In hindsight that was extremely good deal that will pay many times over now that Instagram has 200M+ users and is still growing.
The bet is that Oculus will be used in many areas (not just gaming) and will become multi-billion business in the future. It a big bet and it could go wrong. Keep in mind that $2B is 1% of FB stock price - placing 1% bet on new promising technology is not unreasonable.
- antidaily 12y agoIG is making money now?
- smm2000 12y agoInstagram has ads - not sure if they are profitable. Service should not be too expensive to run - images are on smaller size so traffic and storage should be cheap. http://blog.business.instagram.com/post/95314562151/businesstools http://blog.business.instagram.com/post/95314562151/business...