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California has some new multimillion as thanks to Facebook's one billion dollar acquisition of the photo sharing -- Instead Graham.
Was instant grandma what the price Jon Friedman from MarketWatch joined the company now lots of questions we Joan what do what the problem what does -- grounded.
I don't even see I don't understand this company is all about who's.
All their customers you think are faced the customers already some of the steel companies doesn't -- because this is going public.
And then monetizes deal understand what -- -- -- -- and help me here could vote that could be take a picture -- yeah hosted off from -- there are prone to.
Right now blurred through the -- got -- so make some with certain adjustments that are photographs.
That's it yeah but that gets them and they and -- mobile space that they wanna get into.
Who well if FaceBook based on what is good -- still -- makes you look -- Durham don't take habitually -- -- -- Right I -- -- if I take a photo with this thing right right and I did not posted to somebody's -- -- Bryant right.
Is -- -- that make allows me to post it is that what happens is that.
It's its own website -- its own photo sharing web site without all the information if it's Patrick Sadr and that's what a billion dollar the other question how you monetize is due to do -- -- shareholders as of -- But that's how do you basically three things they don't have I don't know create relative got a good deal through the investors items and apartment at all so you've studied this and you don't understand that I have about I think I'm bewildered by Elvis I -- -- it's something I'm not bewildered by it is the front page story in the New York Times today is a picture of the two million -- it right that top story.
There's only twelve employees of this company which is just took in a billion dollars -- work.
Give it does not tell him all about a concentration of wealth with technology well -- -- that the industry is toll -- crazy to think industry is makes no sense it's illogical.
And yeah people love it its hot.
It's when you're hot you're hot.
-- holders to -- so until Charles.
I mean it did good speaks maybe you know we're we're still scratching their heads about -- unemployment that you know and and where jobs are coming from if you think about these successful companies that they have like twelve employees.
They've got a billion that -- a billion dollars the New York Times.
Has 7000 employees -- -- maybe 940 million at this very moment women at the New York Times is what less than instant -- yes.
A hundred million dollars -- sixteen year old company vs a two Euro company.
And they're just like ships passing in the night to different countries that may be instant grams technology can be used the bigger and better things I think Facebook's -- absolutely although people also criticize and is still that perhaps they overpay but then listen.
A lot of people think Microsoft overpay for those though oil patents to markets have never.
I -- -- but but to go poke my question is that going public as soon.
Have they tell the shareholders again and Wall Street this is a good deal for -- It's a Graham a billion New York Times 946.
Million -- that John thank you.
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