[elorant]

He's also the guy who bought Instagram for $1bn and turned into a $70bn behemoth. If that's out of touch then I don't know what the opposite would be.

[jerojero]

They bought out Instagram because it was shaping out to be a huge competitor, so I think that business would have grown to be a multibillion dollar one regardless.

It was definitely very smart to buy them out when they did.

I just think you're focusing on the wrong part.

[umeshunni]

It's entirely possible that he's changed and his pulse of the market has changed in the 10+ years since that decision.

[kranke155]

He did that because it was a solid data driven decision.

Not sure he's shown ability to do anything beyond making solid decisions on which competitors to acquire.

[zeroonetwothree]

Wasn’t this like 14 years ago? So not sure it really contradicts the comment you reply to.