I dont understand, if they aren't making any money, why is the company worth so much money? Someone please tell me. $1 billion is a lot of money to turn down!
Having that many users/community on a mobile platform (with typically no ad blocking) is an advertisers wet dream. Facebook buys it, plasters ads on it, servers those ads to 26 million people and thats where the valuation comes from, plus longer term expectations that it should grow much more. (2 years with 26 million+ users is nuts and should only become more popular)
Heh. Reminds me of the story of Microsoft trying to buy Facebook for some insane amount of money and Zuckerberg turning them down. Equal parts courageous and insane.
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