2 Ways to Spend 1 Billion Dollars
$2 Billion changed hands yesterday in the form of the two biggest news items of the day:
- Facebook spent $1 Billion on Instagram. They acquired an innovative, competitive (if tangentially) product to make their company better.
- Microsoft spent $1 Billion buying patents from AOL. The rumor is that they may have acquired some key search patents that might allow them to either sue or extract some sort of tax from Google.
The difference between a positive and negative effect on the economy is striking.