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?
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The INO.com Team
