As you may well know by now, Facebook bought Whatsapp for $16 billion in cash, stock, and retention. A few months ago, some quarters of the Internet was abuzz with Snapchat's rejection of the $3 billion overture from Facebook.
I'd would have sold. Take my billion and move onto something else. Given the Whatsapp deal, Snapchat was right in not dealing. It could have asked for two to five times more from Facebook.
Still, it's hard to fathom if all of this will pay off or are we in the midst of a social network bubble not unlike when Internet companies in the late 90s and early 2000s were throwing money away left and right.
The question now is what's next for Facebook, what it'll do with Whatsapp (supposedly, nothing will change...right), and how will other social networks or competitors like Google arm themselves. There are plenty of other messaging "giants" out there that could be for sale given the right price.
Like Snapchat or Line.
News, Opinions and Analysis, and Tips on Mobile Life - XO, iPhone, and other Mobile Devices
Subscribe to:
Post Comments (Atom)
Apple Should Prepare to Leave China (There Is Still Time To Execute Such A Plan)
At first glance, you might think that the title of this article is a clickbait considering that China is the second biggest economy in the w...
-
Okay...this tip is kind of specific for certain mobile warriors. Specifically, Mac and Linux users. Tomorrow only, Codeweaver will allow ...
-
Apple has the formula down for entering a market and thrive. It did it with the iMac/iBook, iPod, iPhone, iPad, EarPods, Apple Watch, and se...
-
At first glance, you might think that the title of this article is a clickbait considering that China is the second biggest economy in the w...
No comments:
Post a Comment