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by rvz
1165 days ago
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Oh dear. Less than a year. This is what happens when businesses follow and chase short-term hype cycles and end up wasting time and money in the end. The return on investment of this acquired startup is exactly $0. Facebook on the other hand with the Instagram acquisition gave returns into the tens of billions of dollars. |
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Instagram has to be an all-time steal for what they paid for it. They also own What's App, a juggernaut in its own right.
Facebook's acquisition of Oculus was reasonable. It does remain to be seen if they can truly harness it or not.