Inta..Fucked!
- Started
- Last post
- 25 Responses
- insomnie
I'm not saying it's a conspiracy, but it's a conspiracy!
"Last week, Instagram closed a $50 million financing round with several prominent investors, including Sequoia Capital, an early backer of Google; Thrive Capital, the firm run by Joshua Kushner; and Greylock Capital, an early investor of LinkedIn. The round valued the photo service at about $500 million, according to one person with knowledge of the matter, who requested anonymity because the discussions were private. With Facebook's purchase, one week later, that investment has now doubled in value. " - NYT
- insomnie0
2002 yes!
- JG_LB0
hedge?
- monospaced0
Facebook bought it for $1 billion
- 20020
^ NO WAY THATS A BRAND NEW NEWS WHICH HAS NO RELEVANCE!!!
- monNom0
I don't get it.
- randommail0
Yup this is the latest bubble.
There's always a bubble that Wall Street will scam the public to jump into.
- 20020
for monNom
Last week
- value $500m - yay lets invest knowing that facebook will buy thisThis week
- value $1billion - yay we completely suckered facebook and doubled our money yay
- monNom0
oh I get that. I just don't get why anyone would pay so much for so little... unless the whole thing was about transferring money from one pocket to the other.
- 20020
^ meant to say, buying pre-IPO Stock at cheaper price, compared to now ceased secondary market.
- when IPO hits in May, they just tripled their money with in a month.2002
- I don't WANT to wait for May! I want it NOW, now NOW!monospaced
- *holds breath and crosses armsmonospaced
- monospaced0
monNom, it's not "so little" in the sense that it will keep millions of users attached to Facebook with Instagram for years to come. This means more ad exposure and more money. It might not seem worth $1B, but it seems so to FB.
- Were these users on the verge of leaving? No.i_monk
- why you're arguing, I don't know, but the simple answer is that FB wants more product (people) and for longermonospaced
- aldebaran0
It's what's known as a 'pump and dump scheme'.
Let's call it 'Pump and Dump 2.0' for fun.
- tredesigns0
was instagram even profitable.
- didn't they just make a billion dollars?pango
- b4 the buy outtredesigns
- 20020
This is not about profitability. This is about "buy everything that competition can potentially buy".
And seems very much like Netscape deal in the 90s (any sort of dot com dump deal in the 90s).
Lets use this as a vehicle to make more money for silicon valley insiders. Public will buy this up and we get out while they are holding the bags.
- pillhead0
Instagram, 500M hahahahaha