This sort of "appeal to authority" holds very little weight in and of itself.
Rich and smart people make plenty of mistakes, and are just as prone to tunnel vision as the rest of us.
However, I am fairly certain they view this acquisition as protective rather than expansionary. Picking up Instagram just means it can't be used against them (FB), not that it has some hidden-to-the-masses potential for being monetized.
I wasn't suggesting that it was valuable because Mark Zuckerberg cared about it. Quite the opposite actually. I was suggesting that Mark Zuckerberg cared about it because it was valuable.
If it had no potential to be a sustainable business, how could it be a threat to anybody?
Rich and smart people make plenty of mistakes, and are just as prone to tunnel vision as the rest of us.
However, I am fairly certain they view this acquisition as protective rather than expansionary. Picking up Instagram just means it can't be used against them (FB), not that it has some hidden-to-the-masses potential for being monetized.