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arcticfox 2 days ago

I mean, this was absolutely a risk to them. They could have easily lost during the transition.

omneity a day ago | parent [-]

They did and then spent $5B purchasing Instagram and Whatsapp to recover.

HWR_14 a day ago | parent | next [-]

I thought they spent $17B on Whatsapp.

tsunamifury a day ago | parent | prev [-]

19 billion buying WhatsApp.

Instagram was moments before ipo.

Also the FB html5 play at the time was a decent bridge to the app play which did of course explode growth.

So let’s be fair they didn’t fail but they acquired to grow even more.