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If you pay for something, you expect to get value from it. It's common sense. FB didn't pay $18 billions for charity.
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I would guess they believed what they were told. Which I agree is a mistake, but Zuck and FB have a lot more practice pretending they have good intentions than these guys did in piercing the self-interested statements of world-class operators.
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This time it will be different.
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it was a more innocent time in SV :) (semi-serious)
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When the money gets that high, I'm gonna be completely honest, I doubt many people would be caught up in ethics when making the sell or not to sell decision
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Here in Nigeria, we’d say “before nko?”
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I agree, how else were they going to make money? It’s funny how these startups get upset when they sell out to ads. At some point you have to become profitable. I guess you could charge for subscription?
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WhatsApp had a 1 $ subscription fee a year with first year free before the acquisition. I believe they thought they will implement something similar at a larger scale
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Interesting, but would it have scaled so big with a cost? I suppose maybe but I imagine it would deter a lot of signups.
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What do people expect when they put personal information on FB...them not to sell it?
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What did Facebook think would happen when they didn’t live up to their commitments? :)
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They probably thought they can bring fresh perspectives to FB.
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Thank you! Glad someone finally said this.
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Yes very true but to be fair to them they would claim they were given assurances by Facebook that were subsequently reneged upon.
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They took the money and they want the moral high-ground
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