Author Topic: Facebook's New Friend Is Worth More Than The New York Times  (Read 1031 times)

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Offline thaiga

Instagram Deal: Facebook's New Friend Is Worth More Than The New York Times

Facebook could have bought The New York Times for less.

That's right, the $1 billion in cash and stock that Facebook paid for Instagram Monday values the two-year old mobile photo-sharing app more than The New York Times.

Instagram, a social network built around cellphone photos that has yet to make any money and has employed fewer than seven people for much of its existence, is now worth more in the eyes of its acquirer than a host of other name-brand public companies, including a major office supplies retailer with more than 1,100 stores, an 80-year old cosmetics company and the third-largest pizza chain in the United States.

Here's a list of companies now worth less, according to YChart's market cap rankings, than Instagram:
http://www.huffingtonpost.com/2012/04/09/instagram-facebook-deal_n_1413256.html?ncid=edlinkusaolp00000003#s854467&title=Revlon_90010_million
Anyone who goes to a psychiatrist should have his head examined.
 

Offline Loud Fart

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Re: Facebook's New Friend Is Worth More Than The New York Times
« Reply #1 on: April 26, 2012, 03:27:19 PM »
Google have been looking at many ways of breaking into the mobile phone advertising market for years, as well as the local advertising market. which is why they offered 6 Billion for Groupon, because it is all localised.

I suppose this way, they can have both, because they will know the exact geographic positioning of every user.

Kinda smart really.
 

 



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