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You can buy, or you can build.
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Key takeaways
- But the thing is is that you only need one where you buy for a billion and it gives you $610 [music] billion of market cap, like Instagram does, will always be worth it.
- And at the end of the day, they're in the acquisition [music] of audience business and then monetization through advertising later.
- I think Zuck has been underestimated from an investment perspective as a business guy.
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Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00A lot of people are giving Zuck some crap because he was on Rogan and said Apple didn't innovate much at all. And they said, [music] "Well, you haven't either." >> And they haven't really invented anything great in a while. And it's like Steve Jobs invented the iPhone, and now they're just kind of sitting on it. >> There's two ways that companies will typically innovate. They either go buy or they build. And so Meta has taken a buy [music] strategy primarily with Instagram, WhatsApp, Oculus. There's some other acquisitions they've made.
0:27Now, not all of them have been the best acquisitions in the world. But the thing is is that you only need one where you buy for a billion and it gives you $610 [music] billion of market cap, like Instagram does, will always be worth it. And at the end of the day, they're in the acquisition [music] of audience business and then monetization through advertising later. I think Zuck has been underestimated from an investment perspective as a business guy.