I’d be concerned if dealing with Zuckerberg.
If it fails they lose lots of money, if it succeeds FB has huge leverage over them which it didn’t have before. Can’t really see an upside for these companies to this.
If it fails they lose lots of money, if it succeeds FB has huge leverage over them which it didn’t have before. Can’t really see an upside for these companies to this.
A $10MM investment as a hedge against that outcome makes a lot of business sense, from a risk mitigation standpoint. The size of the investment is also indicative of their relative confidence that it will succeed - if they were sure that it would succeed and supplant their core business, they'd probably be investing a lot more.