| ▲ | omneity a day ago | |
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. | ||