For everyone who thinks the Instagram deal was a no-brainer:
— Balaji S. Srinivasan (@balajis) December 7, 2019
- Instagram raised at $500M the day before Zuck offered $1B
- $1B was 25% of FB’s $4B cash on hand
- It was weeks before the FB IPO
- The board wasn’t consulted
- Instagram had no revenue
This was not an easy call!
from Twitter https://twitter.com/balajis
December 06, 2019 at 10:32PM
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