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."
I'm waiting for facebook to buy the entire Internet, one day I'll get a knock on my door and they'll want to buy my computers, stack of hard drives and poorly written bash scripts.
You just need a dumb trademark and you'll get an offer of at least $1b. Here are some you could use
namepileBlogTacoStackOPicsDiddlerBookBook (you may get the offer as part of the settlement in your trademark violation suit for this one)
I'll take it! My offer: eleventy billion dollars!
It is more subtly evil than that. Facebook don't want to "buy" the internet. They want to become the internet. Buying random companies is just a small part of the long term goal.
That's not a bad idea. Worked well for AOL and Compuserv. History will repeat itself...
So, like every other sufficiently wealthy service provider, Facebook wants to be what AOL: Walled garden, nonstop in-your-face advertising, dumbed-down, intrusive interfaces, poor security, and ever-escalating rent seeking by charging a premium for services provided elsewhere for low or no cost.