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To be perfectly honest, I then thought that the valuation was insane. Didn’t think the service had enough stickiness to produce high growth much longer.
I just assumed Zuck knew what he was doing. He had more information than any outside observer, and was in the best position to interpret it.
Certainly That’s why, even if I couldn’t understand the price he paid, I didn’t make a fool of myself by saying so publicly
Doesn't this point count in favour of the idea it was about monopolising a market? Ie. That Facebook wanted to prevent competition from 'dangerous' instagram? The fact some people didn't see what FB was doing on the time seems beside the point.
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