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Category: LMND

Lemonade: I don't get it $LMND

Posted On July 9, 2020
Back in 2012, Facebook bought Instagram for $1B. It's truly one of the greatest acquisitions of all time: today, Instagram is probably worth >200x what Facebook paid for it; in addition, buying Instagram destroyed a potential Facebook competitor, handicapped another (Twitter), and accelerated Facebook's mobile strategy.