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guynamedloren
on April 26, 2012
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How Twitter’s secret offer for Instagram made Face...
If anybody was still wondering, yes, Facebook's Instagram acquisition was entirely defensive. That, more than anything, explains the $1BN price tag.
mkramlich
on April 27, 2012
[–]
Yep. The most rational explanation for that valuation was that it was irrational. I truly think that was the thought process, whether consciously or subconscious. It sure as hell wasn't based on revenue.
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