Facebook Plays Offense and Defense in a Single Deal

New York Times, Wednesday, April 11, 2012

Business Day

Facebook Plays Offense and Defense in a Single Deal, by Somini Sengupta and Nick Bilton

San Francisco– ¬†“Is it crazy for Facebook, a start-up that has not yet even one public, to be throwing $1 billion at Instagram, an even younger start-up? ”

“…But the history of Silicon Valley suggests that expensive purchases of start-ups by start-ups may not always be so crazy.” ¬†eBay bought PayPal, and Google bought YouTube, both good buys.

“…There’s always the blended question of opportunity and threat.” (Reid Hoffman, a co-founder of PayPal and founder of LinkedIn, a social networking site.)

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