Re:Facebook Makes Moves on Instagram Users
by giobox on Friday July 13, 2018 @07:47PM
(#17527773)
> it [is] still difficult for me to understand how they can allow facebook, instagram and whatsapp to be one corporation.
With respect to Instagram, it's really not hard to understand - back in 2012 (when Facebook made the acquisition) Instagram had just 50 million users and made no money. It would have been ridiculous for anti-trust authorities anywhere in the world to step in. Remember too that the general consensus among a great many back then was that 1 billion dollars for Instagram was an absurd purchase price for what was perceived as a relatively tiny little start up with a very uncertain future.
While everyone likes to bash Facebook, the growth they have achieved with Instagram since acquiring it is pretty impressive, 50 million to a billion users in 6 or so years, and it's not like there wasn't significant competition along the way from Snapchat etc.
With respect to Instagram, it's really not hard to understand - back in 2012 (when Facebook made the acquisition) Instagram had just 50 million users and made no money. It would have been ridiculous for anti-trust authorities anywhere in the world to step in. Remember too that the general consensus among a great many back then was that 1 billion dollars for Instagram was an absurd purchase price for what was perceived as a relatively tiny little start up with a very uncertain future.
While everyone likes to bash Facebook, the growth they have achieved with Instagram since acquiring it is pretty impressive, 50 million to a billion users in 6 or so years, and it's not like there wasn't significant competition along the way from Snapchat etc.