Wednesday, August 6, 2014

NY TIMES looks at Facebook & Google's New Buying Strategy

Today on Dealbook, the New York Times :

New Buying Strategy as Facebook and Google Transform Into Web Conglomerates

  • "The goal is no longer building a business but to be in the orbit of these tech giants. Or to put it another way, to win the lottery."
  • "it used to be that someone struggled for years to build a company before it went public. Sure, some companies were sold when they were at an early stage with little, or even no, revenue, but that strategy reaped tens of millions of dollars, not billions."

  • "The competition to stay on top has led the tech conglomerates to drive valuations sky high as they battle for start-ups."

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