Say what you want about Mark Zuckerberg. He is ALWAYS early.
• Acquired Instagram in 2012 for $1B. Market said he overpaid. Now worth $100B+. • Acquired WhatsApp in 2014 for ~$20B. Hedging declining youth engagement + the shift to private messaging. Now worth $100B+. • Announced Libra in 2019 when the stablecoin market was ~$5B. Today it’s ~$300B+. If regulation and market headwinds hadn’t killed it, Meta’s stablecoin business would likely be bigger than Circle or Tether.
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Say what you want about Mark Zuckerberg. He is ALWAYS early.
• Acquired Instagram in 2012 for $1B. Market said he overpaid. Now worth $100B+.
• Acquired WhatsApp in 2014 for ~$20B. Hedging declining youth engagement + the shift to private messaging. Now worth $100B+.
• Announced Libra in 2019 when the stablecoin market was ~$5B. Today it’s ~$300B+.
If regulation and market headwinds hadn’t killed it, Meta’s stablecoin business would likely be bigger than Circle or Tether.