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by drum
3461 days ago
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I think you have a great point looking at the deal in hindsight, however Instagram couldn't have looked that impressive to the typical institutional investor at the time. Facebook already had 845 million monthly active users with a large portion using mobile. Instagram was much smaller and if anything people were skeptical if a social network could be profitable. The acquisition could've made Zuckerberg look wreckless and backfired. |
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