Ok! The guy can make a website, but damn, he is so street-stupid.
http://news.cnet.com/8301-1023_3-57415565-93/zuck…
He is so happy he "halved" the asking price for Instragram from 2 Billions to just 1 Billion.
He is so stupid, he is just like those westerns who go to Morroco or other arab countries and want to "blend in" (please check the picture I uploaded, that is in Sudan or something). They go to the market and feel so proud for reducing the price of a carpet from 1000 Dollars to 500 dollars. They feel as if they are "part" of the culture and did not get fooled when in fact a local arab could have negotiated it for just 15 dollars (I've lived there, I know)
Mark :" No, no, i dont need Wall Street bankers, I am smarter, let me handle this!!!"
Instagram " I want 2 billions"
Mark: " I'll give you 1"
Instagram "Done! !!!"
This video and picture of the guy makes me wanna jump through the screen and punch him in his fuckin face. You duped Zuckerberg, congrats!!!!
I JUST WATCHED THE RELATED VIDEOS. KEVIN SYSTROM IS A DOUCHE
Is that really him in that video? He sounds Dutch.
Yeah what a maroon, he should do something smart like spread comps or something.
Tell me about it, he doesn't he even know the formula for WACC, what a tool.
Reminds me of the people who go to Chinatown and leave happy because they haggled the price of a fake Rolex from $175 to $50, when they easily could have gotten it for $15 or under if they played their cards right.
LOL he got the company for 50% of what the guy wanted after one conversation. You wish you could close a deal like that.
im assuming you're being sarcastic, but in case you're not. if i took a shit in a shoebox and tried to sell it for $200 and someone haggled me down to $100 id argue they still got ripped off.
So in this scenario instagram is a shoebox filled with crap? I'm pretty sure this was a brilliant move by Zuckerberg because I guarantee you twitter or google would have eventually gotten into a bidding war over it and if either of those companies added instagram they would be a huge threat to facebook. If you look at another thread there is a reasonable contingent, myself included, who think this is a great move. And we value this stuff for a living and wouldn't know how to value that thing. I think this move pays off in a big way... where is swagon to talk about how everyone is "jus haterz mayne?"
LOL lifeofpurpose....
be straight with me. are you chinaman?
no i am not
Mark Zuckerberg stole Facebook to begin with. What do you expect from a petty thief?
GREAT example lmao
"And we value this stuff for a living and wouldn't know how to value that thing." Well, I don't know how to value this thing, so im just gonna go ahead and figure ONE BILLION dollars sounds about rit. Good to know this negotiation probably went something like the scene from Austin Powers.
You're acting like the fact that you can't value Instagram using a DCF means that Instagram is bullshit. While this may be a comforting thought to you as you consider what real skills you are learning in banking, I can guarantee you that both of these guys who you portray as assclowns wouldn't give you the time of day.
He had a rationale, he valued the business as a percentage of facebook / facebook's future value. It wasn't like he just said, "I cut your offer in half." They talked for like 12 hours, I'm pretty sure there was some hefty negotiation, besides it isn't like either of these guys are going to tell the media what went on or the process so you are just speculating on a small blurb that was used to influence people into thinking that Zuckerberg acted impulsively and against the better judgment of his board. Hmm... sounds like the media accomplished their goal on this one. I still think it's a brilliant move. The fact that we are even debating this means that Zuckerberg is still where he wants to be and isn't going away any time soon. The fact that facebook is such an engrained component of our culture just illustrates its current value. Until our fascination goes away, it will continue to appreciate in value. It is a brilliant microcosm of society, people want to be connected to other people and to have a voyeuristic look at everyone else's life. Everyone who hates on this does so at a stark contradiction to the human condition. I may not love the way the guy acts, but his business enhances my life and is one of the most brilliant ideas in the history of society. Detracting from his accomplishments because you don't like him personally and saying that he doesn't have street smarts is completely ludicrous. Dude built an empire that is larger than most countries based on the concept that we as people want to know what other people are up to and to share in their experiences no matter where we are. That's beautiful in it's simplicity.
Does anyone here actually think people will still use instagram in 5 years? it's a trendy app, nothing more, nothing less.
Maybe... people probably said the same thing about facebook 5 years ago and look where we are. It started as something kids in college used to creep on girls and evolved into something that people everywhere use to creep on girls. The possibilities are endless.
Agreed. Just like Google will be pretty fucking happy they didn't pay the $6-8 billion they offered Groupon.
^ ^ LOL
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