Quote:
Originally Posted by $5 submissions
Case in point: buying a company (mobile photo site Instagram) that makes no money for $1 BILLION
Smells like Yahoo's deal for Geocities back in the day for over 1 billion USD. The only people who made REAL money with Geocities are the folks who used it as a freehost for affiliate marketing   |
My first sties were on Geocities. LOL.
Did they buy a company that doesn't make money, or did they just buy a company that millions use to post pictures to multiple social networking platforms...