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   |
*Shakes head*
Allow me to explain: FB just bought their biggest competitor (read: threat) in regards to mobile photo sharing.
Earlier in March Instagram had over 25 million users. That is nothing to sneeze at and FB now will own all of them. Plus, that user database is about to double with the recent release of the Android app.
When will people begin to see that FB is a platform, not just a website?
Anyway, if any of you get the chance to invest in FB stock after the IPO, just do it. This is merely a repeat of what happened with Google. Don't miss the opportunity.