Peter Kafka

Recent Posts by Peter Kafka

Instagram Aside, Facebook Spent $87 Million on M&A in 2012

Facebook’s Instagram buy got all the attention, but the social network made a few smaller deals, too: It spent $87 million on other M&A deals during 2012, according to documents filed today. That number doesn’t include stock-based compensation, so you can ratchet it up a bit. Excluding its Motorola deal, Google spent $1.2 billion on its 2012 M&A.


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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”