Your thoughts on FaceBook buying WhatsApp?

The big news today, at least in the internet/financial world, is FaceBook’s purchase of WhatsApp, an instant messaging service. WhatsApp has 55 employees, 450 million users and was started a little over 4 years ago. It also makes very little money. The price tag for WhatsApp is rumored to be $19 billion dollars, $4 billion in cash and the balance in FaceBook stock.

In essence, FaceBook Inc. (NASDAQ:FB) is buying 450 million eyeballs to make a major move into the mobile space. Do you think it was a mistake to buy WhatsApp and what effect do you think this acquisition will have on the stock of FaceBook?

Do you think FaceBook's stock will go up or down from here?

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Thanks for your viewpoint on FaceBook. Please feel free to add a comment below.

The Team