[alper]

> Their engineers and scientists have invented digital cocaine

They bought Instagram and WhatsApp because they couldn't figure anything out.

[samtheprogram]

Not true, they bought the growing competition -- in the case of Instagram, digital crack cocaine.

[WheatMillington]

Right because Facebook was such a miserable failure before those acquisitions.

[_DeadFred_]

If you knew Facebook people, they were super super scared. They literally bought those apps out of pure fear.

[dboreham]

It was a failure at acquiring young users.

[laweijfmvo]

Instagram today is effectively a totally different app than what they bought.