alt Hacker NewsOpenAI is using a page from 2010's Facebook playbook. They know their valuation is hyper inflated, so they are using those crazy valuations to buy stuff with equity (just like Facebook bought WhatsApp with private stock with crazy valuations).
OpenAI is using a page from 2010's Facebook playbook. They know their valuation is hyper inflated, so they are using those crazy valuations to buy stuff with equity (just like Facebook bought WhatsApp with private stock with crazy valuations).
> just like Facebook bought WhatsApp with private stock with crazy valuations
FB bought Instagram April 9, 2012 with ~ 30% cash and 70% stock, and then IPO'd May 18, 2012. That's probably what you mean. FB bought WhatsApp Feb 19, 2014 with ~ 25% cash and 75% public stock that was roughly 2x the IPO price. The private valuation might be crazy, but it's increased with public trading, so I dunno.