Tip:
Highlight text to annotate it
X
facebook whatsapp
acquisition
Facebook's WhatsApp Acquisition Leaves Snapchat Hanging
With Facebook's massive
nineteen billion purchase of WhatsApp earlier today
any possible marriage between Facebook and Snapchat
appears to be dead.
After spending $20 billion on a photo sharing company
Instagram
and messaging company (WhatsApp),
can Facebook really justify spending billions more
an ephemeral photo messaging company
Mark Zuckerberg
wanted Snapchat very badly;
from blatantly cloning the app
in December
2012
to making multiple acquisition offers,
Zuckerberg saw an
obvious fit between the
ephemeral
app and his social network giant.
WhatsApp co-founder and CEO,
Jan Koum,
will join Facebook's Board of Directors as part of
today's acquisition deal.
WhatsApp's other co-founder,
Brian Acton, spoke very harshly about
Snapchat to Wired
earlier today.
Facebook Enters
Sixteen Billion Deal for WhatsApp
The frenzy to acquire fast-growing technology
start-ups reached new
heights on Wednesday
as Facebook announced its largest acquisition
ever,
saying it would pay at least $16 billion for WhatsApp, who pay little or no money for it.
text messaging
application with
with 450 million users around the world
who pay little or no money for it.
The eye-popping price signals the lengths
to which Facebook's co-founder and
chief executive, Mark Zuckerberg,
will go
to protect his company's
turf as the
dominant social network on the web
and is sure to fuel the
debate
on whether consumer Internet companies
are overvalued.
Facebook
based in Menlo Park, Calif.,
four billion in cash and
12 billion
worth of shares
for WhatsApp.
But the ultimate cost of the deal could rise to
nineteen billion,
with
WhatsApp employees and founders receiving
and additional $10 billion in restricted
stock units, which
would vest over the next four years