Frankly, this is as much confirmation as anyone should need that we are in fact in a massive financing bubble.
The sums of money being bandied about are absolutely mind boggling. 1 billion for a photo sharing app?
The sums of money being bandied about are absolutely mind boggling. 1 billion for a photo sharing app?
I don't know how they got to the price and so cannot argue its rationality, but having one's eyes glaze over because of the price tag alone isn't reasonable either.
just sayin'
and just in case you think that's not enough, it's more of a revenue model than instagram had.