Your third example should go under the distinction of statements you disagree with.
There are plenty of reasons why Instagram may be worth $1 billion that are not outrageously, astonishingly wrong. Not least of which is because that's what Facebook paid for it two years ago. Instagram has grown significantly since then, as has FB's valuation. I'd speculate Instagram could go public today at a low multi-billion valuation.
There are plenty of reasons why Instagram may be worth $1 billion that are not outrageously, astonishingly wrong. Not least of which is because that's what Facebook paid for it two years ago. Instagram has grown significantly since then, as has FB's valuation. I'd speculate Instagram could go public today at a low multi-billion valuation.