Quote:
Originally Posted by $5 submissions
No I was referring to Instagram.
@TheSquealer you are right regarding your point that Facebook does make money. However, look into their filings and you'll see that their infrastructure cost per active user looks unsustainable. They are making $ now but it might not be sustainable and blowing $ on deals like Instagram makes their current strategy look like Yahoo's Pacman strategy back in the middle of the first Dot Com boom and bust cycle (1998 to 2001).
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All of that might be true. But from what I can tell, their recent purchase is actually relevant to their core business model. Social media.
Yahoo bought Geocities? For what purpose? They couldn't even figure it out, then they were so stupid that they shut it down altogether instead of selling it or monetizing the traffic in some other way.
Something seriously wrong happened with Yahoo at some point.
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