This is a great tweet from hedge fund manager Eric Jackson:
Facebook has been on a tear buying companies — Oculus Rift for $US2 billion, WhatsApp for $US19 billion. Part of Zuckerberg’s M&A spree has to be driven by the success of Instagram.
The Instagram-Twitter comparisons aren’t perfect since Instagram hasn’t turned on advertising in the same way Twitter has. But, it’s coming, and when it does, it should be another spigot of cash for Facebook.
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