Favorite 'aged like milk' posts from the past?
Inspired by 'Facebook acquires Instagram for $1B' thread from 2012: https://www.wallstreetoasis.com/forum/investment-banking/facebook-agrees-to-buy-instagram-photo-app-for-1-billion Aged like milk, majority of comments said Instagram valuation at $1B was wayyyy overvalued.
Wall Street OasisMan, you could buy 44 Instagrams for the price of 1 Twitter!
w/o Instagram, Meta would be a dead company today.
Or the other way around. Who knows.
WhatsApp and Oculus?
It depends. We didnโt acquire Snapchat early enough and were criticized for this (because Evan Spiegel was charging way too high a price of $10B at a very early stage), but were able to crush it with Instagram Reels. We couldโve done that to Instagram too. Remember: hindsight is 20/20.
This might be the best tech acquisitions in this century so far. So notable contenders emc/vmw, goog/YouTube. But I think this one stands out among those.
Postmates was the best acquisitionโฆ hands down!
Postmates, drizly, transplace. Itโs faster than setting cash on fire
What a smart investment. Even at the time I knew it was a good idea to acquire a competitor.
Ya ya