Even the Sailor Scouts had PDAs.
Critics have not been slow to note that the acquisition makes a 13-person company, which is barely two years old, worth more than the New York Times, among many otherfamous brands. Facebook’s decision to pay so much money for a firm that has, as it happens, no revenue whatsoever smacks to many of the insanity that fuelled the last tech bubble.
This just sounds insane to me. Instagram’s 1 billion dollar valuation for what is not even the best camera app on iPhone, with social network baggage. Considering Facebook already had a mobile photo option, they have basically paid this absurd amount of cash and stock for a few bad filters. Camera+ is a way better app, all things considered.
Do people pay any attention to prior stock bubbles and collapses, or what?