Not sure how I fill about this as am not a fan of Facebook products. But we still have to give the company credit for its ability to find good business and buy them over to increase their competitiveness in the tech world.
A lot of people did not give facebook a chance as one of the emerging tech company that will
The acquisition of whatsapp is the second biggest in the tech industry since HP acquired Compaq in 2001.
Techcrunch explained the acquisition this way.
Facebook just spent $16 billion to acquire WhatsApp, spending $4 billion in cash and $12 billion in Facebook stock (it'll also kick in another $3 billion of stock over the next four years for good measure). It's by far Facebook's biggest acquisition — 16 times larger than what the social network paid for Instagram.
A lot of people did not give facebook a chance as one of the emerging tech company that will
The acquisition of whatsapp is the second biggest in the tech industry since HP acquired Compaq in 2001.
Techcrunch explained the acquisition this way.
Facebook just spent $16 billion to acquire WhatsApp, spending $4 billion in cash and $12 billion in Facebook stock (it'll also kick in another $3 billion of stock over the next four years for good measure). It's by far Facebook's biggest acquisition — 16 times larger than what the social network paid for Instagram.
Simpler times.
Since $19 billion is a ridiculously large amount of money to wrap our heads around, we decided to compare that to other ridiculously valuable things, companies and people.
Enjoy, friends!
$19 billion is…
- 4x the market cap of BlackBerry
- Approximately one-third the market cap of Ford
- 2.8x the market cap of GroupOn
- Effectively equal to the market cap of The Gap
- Slightly more than Sony’s market cap (around 10 percent)
- Around three-fourths the market cap of Delta
- 7.5 Mark Cubans
- Almost precisely one-third of HP’s market cap
- 2 nuclear submarines
- 62 percent of Twitter’s market cap
- 76,000 trips to space on Virgin Galactic
- Almost 60 percent of Sprint’s market cap
- 25 Instagram acquisitions
I hope this will build a better experience for the users of whatsapp as a lot of users on all facebook products complain of too much monetisation.
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