Companies buy businesses for two reasons. To gain new technology, and to get as close to a monopoly as legally possible.
To the former, blockchain technology is around in multiple and it'd be cheaper to hire developers to build a new one, or buy a blockchain not already integrated into a social network.
To the latter, if he's going to do it, he should do it now. This is a volatile site that, if it really starts taking off, won't be worth selling.
Keep in mind that large companies have a long history of drastically changing assets they buy over time. Facebook would be limited on profit models as-is, but that doesn't mean they can't change the model over a few years.
Just like whatsapp I was just thinking, What if Mark decide to Buy Steemit and since Steemit was built on blockchain will he consider it at all.
Companies buy businesses for two reasons. To gain new technology, and to get as close to a monopoly as legally possible.
To the former, blockchain technology is around in multiple and it'd be cheaper to hire developers to build a new one, or buy a blockchain not already integrated into a social network.
To the latter, if he's going to do it, he should do it now. This is a volatile site that, if it really starts taking off, won't be worth selling.
Nice Point ,
Personally i was like, how will he make money off steemit. Since advert and user data will be a problem for him.
when i say user data, i mean having access to it
Keep in mind that large companies have a long history of drastically changing assets they buy over time. Facebook would be limited on profit models as-is, but that doesn't mean they can't change the model over a few years.
Follow and vote @cryptonnn .. I will follow you back , and vote :)
Good thinking. ... :) followed n upvoted
Hahaha, did you just say Good thinking . thanks