on Thursday February 20 2014, @09:00AM
from the when-will-this-darn-bubble-pop-already? dept.
lubricus writes "Facebook announced plans to acquire WhatsApp for four billion cash, plus 12 billion in Facebook shares.
Additionally, WhatsApp employees and founders will receive three billion in restricted stock which will vest in four years. Facebook also agreed to a one billion dollar break up fee.
WhatsApp says they have message volume which approaches the global SMS volume, and hope to have one billion users. Even at those figures, Facebook is paying $16 per user.
I'm guessing WhatsApp will send Snapchat developers a cake."
State of the Site: 02/23/2014
Well, we've survived our first week as a functional website, and have yet to go belly up because of it. The speed and growth of our community is staggering to say the least, and we are working hard to get this site fully operational. I'm pleased to announce that a development VM is now available for public consumption, and if you're interested in site development, one should join us in #dev on irc.soylentnews.org. Beyond that though, I've got a few points to address on and updated statistics to share ...