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by cwkoss 1764 days ago
Spinning Instagram and Whatsapp off of Facebook seems like it would benefit everyone except facebook stockholders.
3 comments
jessaustin 1764 days ago
As Scott Galloway has been saying for years, it would be great for stockholders. Facebook is an old-n-busted service for old-n-busted people. (You might think I'm one of those, using such an old-n-busted idiom, but even I'm young enough not to be on Facebook.) IG and Whatsapp both would thrive if they weren't chained to all that dead weight.

Divestiture wouldn't be so good for Facebook execs, but does anyone care about them?

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jessaustin 1763 days ago
TIL "old-n-busted" is an autological idiom. As is... "autological".

https://news.ycombinator.com/item?id=28248090

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thekyle 1764 days ago
If Instagram and WhatsApp were spun off, I assume Facebook shareholders would also get shares in the new companies.
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Wohlf 1764 days ago
It would be great for shareholders, much like splitting Standard Oil was.
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