Instagram has lost nearly $300 million—and it's not all Facebook's fault(upstart.bizjournals.com)
upstart.bizjournals.com
Instagram has lost nearly $300 million—and it's not all Facebook's fault
http://upstart.bizjournals.com/news/wire/2012/08/21/instagram-has-lost-nearly-300-million.html
1 comments
It wasn't "failing to protect". At the time Facebook was the hottest stock going; choosing to make the contract for a fixed number of shares rather than using a floating share exchange ratio was perfectly reasonable.