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by xkjkls 2881 days ago
Their stock just took a 20% dive because their main cash flow engine up to this point, the FB app, is showing stagnating engagement. Unless they want to take even great stock hits, which would lead to: greater difficulty to hire, greater difficulty to finance, more employee turnover, decreased ability to fight government regulation, et cetera, then they can't let this investment be wasted.
1 comments

The acquisition price is a sunk cost. They still have the asset, and I agree its important for them to not waste it.
Sure, but it is analogous to what investors are valuing it with regards to their stock for.