Comment by comoloaf
The disproportionate amount of impact this one hit wonder had on civilization is astonishing.
The disproportionate amount of impact this one hit wonder had on civilization is astonishing.
I'm getting a bit of reddit vibes in that you only took part of what I said out of context, and ignored the rest.
But also yes it was very much a defensive acquisition, and my point about them not (yet) ruining it shows that there was no plan.
Buying another company from the spoils of your first hit doesn't make you not a one hit wonder. Especially since most of your bidding competitors would have been blocked by antitrust.
I don't know if the same is true for Instagram. I've never used it.
> recognizing which companies to buy
I bet it's really simple from the vantage point of being the owner of the biggest social app with billions to spare.
“Recognizing which companies to buy” is your argument? That’s how low the bar is: money = smart. Buying your competitor for crazy high prices while paying even more to avoid antitrust laws is kinda the tech bro playbook.
True. He hasn't actually built anything since the very first days.
Mark owns 3 of the most popular apps in existence. Hard to call him a one hit wonder even if his other hits were just recognizing which companies to buy