|
|
|
|
|
by ghein
2881 days ago
|
|
There's just no way Android's acquisition would or could have been stopped. Google bought it in July 05, one year after IPO. The smartest phones available were the Blackberry 7750, Motorola Q, and Palm Treo. Google had $3B in revenue in 04 and was on its way to $6B in revenue in 05 when it spent $50MM on Android. There was no way this acquisition would have been blocked without clairvoyance. Even then "stop this $3B company from buying a startup because it's going to destroy a $35B company in 9 years" is not exactly a compelling argument. The argument is even more nonsensical than that against Facebook's Instagram acquisition, which is saying something. People argue that DOJ or FTC should have stopped a company that hadn't yet IPOd from buying a company that had raised $7MM (and would raise $50MM a few days before the facebook acquisition). Sure they're obviously huge in retrospect but they really weren't at the time. Interesting and hot companies die all the time: YikYak and Secret looked like they were going to take over the world at one point. |
|