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I Still Can't Believe Facebook, Inc. Spent $1 Billion on Instagram

TheMotleyFool 
0 0 21.07.17
I Still Can't Believe Facebook, Inc. Spent $1 Billion on Instagram
 
I Still Can't Believe Facebook, Inc. Spent $1 Billion on Instagram

As a manager, you know you've struck gold when a past buyout is increasingly referred to as one of the greatest acquisitions of all time.

Fortunately for Facebook (NASDAQ: FB) and its shareholders, the company's 2012 buyout of Instagram for a then-questionable $1 billion has worked out beautifully for all parties involved.

More impressive still, both Facebook and Instagram are in many ways just getting started. So let's briefly revisit this incredible acquisition and how it ties into the arc of Facebook's investment thesis.

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Source: Fool.com

Meta Platforms Inc. Stock

€429.00
2.510%
There is an upward development for Meta Platforms Inc. compared to yesterday, with an increase of €10.50 (2.510%).
With 10 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 500 € there is a slightly positive potential of 16.55% for Meta Platforms Inc. compared to the current price of 429.0 €.
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