PINL:HERTF - Post by User
Comment by
PumperStalkeron Jan 28, 2019 3:59pm
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Post# 29289891
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Ok PumperStalker
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Ok PumperStalkerInstagram had an idea and private funding before it was bought out and it wasn't being raped by Systrom and Kreiger like this play and a few other weed plays are.
You've obviously never run a private company so there is no poiint in discussing this any furhter with you as you know FA about running a business.
StockGuru2k17 wrote: I know tons of private companies who take anywhere between 3 & 5 years from inception before they start generating revenues especially in the tech sector. Some of them never even get to the point to generating revenues and they are bought out well before. This is also true in the biotech sector sector as well as the mining sector where a mine takes well over 10 years before opening up from the discovery date.
An excellent example is Instagram:
When Facebook bought mobile photo-sharing app Instagram for around $1 billionin cash and stock in April 2012, Instagram was less than two years old and had no revenue.