Re:Facebook Posts Strong Profit and Revenue Growth
by paulpauper on Wednesday July 27, 2016 @07:48PM
(#12177391)
yeah the Instagram buyout was a genius move...in retrospect the $1 billion was a bargain. Whatsapp keeps growing, although $18 billion still seems like a lot, but I think they will find a way to monetize it better. Facebook can't do wrong it seems. Like Google in 2005..and they keep doing better than ever too.
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Re:Facebook Posts Strong Profit and Revenue Growth
by adventured on Thursday July 28, 2016 @12:59AM
(#12178397)
Interestingly, $700m of that purchase was in stock, with that stock now being worth about $3.2 billion after tomorrow's (assumed) price jump. That's going off of Dealbook's Facebook valuation tracker back in early 2012. Who knows of course how much of that stock was held on to up to this point, I suspect some made out extraordinarily well by keeping it.