Discussion in 'Stocks' started by GATT, Apr 18, 2012.
brilliant. Thanks for the post.
so they paid 1 billion for the user base? the software is worth less than 100k
On the other hand, the 2 billion first asking price is true. Zuckerberg made the deal without the board's approval....
"Heâd worked out the deal himself, in three days of negotiations with Instagram founder Kevin Systrom in Zuckerbergâs home. Sources tell The Wall Street Journal that Systrom initially asked for $2 billion, but Zuckerberg told him to imagine a day when Facebook was worth $200 billion or more, in which case 1 percent of the company would meet his price. Systrom was apparently convinced, and the deal was done. The board, a source says, âwas told, not consulted.â"
That was classic.
If this isn't a sign of a bubble, WTH is?
Be great to have him committed as incompetent before the ipo.
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