A lot of hindsight bias regarding Facebook's acquisition of Instagram.

Today, everyone thinks it was obvious that Instagram was going to become a huge business.

But that's not what people were saying back in 2012 when Instagram had 30 million users and zero revenue.
It wasn’t just Jon Stewart.

Most people thought Facebook was overpaying for Instagram at a $1 billion purchase price.

And after an investigation, the FTC voted unanimously to clear the acquisition.

(h/t @mlanetrain)
It wasn’t just Jon Stewart.Most people thought Facebook was overpaying for Instagram at a $1 billion purchase price.And after an investigation, the FTC voted unanimously to clear the acquisition.(h/t @mlanetrain)
It wasn’t just Jon Stewart.Most people thought Facebook was overpaying for Instagram at a $1 billion purchase price.And after an investigation, the FTC voted unanimously to clear the acquisition.(h/t @mlanetrain)
It wasn’t just Jon Stewart.Most people thought Facebook was overpaying for Instagram at a $1 billion purchase price.And after an investigation, the FTC voted unanimously to clear the acquisition.(h/t @mlanetrain)
It wasn’t just Jon Stewart.Most people thought Facebook was overpaying for Instagram at a $1 billion purchase price.And after an investigation, the FTC voted unanimously to clear the acquisition.(h/t @mlanetrain)
You can follow @AlecStapp.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:
Those who think consciousness raising & movement building are disconnected, or even a distraction from electoral politics have not paid attention to the history of social change.In this thread, we
Read more
The 2020s will be known as the Remote Work decadeA few predictions of what is likely to emerge[ a thread ] Third Space: Office and Working from Home will
Read more
1/29: Have you ever had a concept explained to you that helps frame complex issues you’ve been wrestling with and opens your eyes to new possibilities? A concept that I
Read more
By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.