Slash Boxes

SoylentNews is people

SoylentNews is powered by your submissions, so send in your scoop. Only 19 submissions in the queue.
posted by Dopefish on Thursday February 20 2014, @09:00AM   Printer-friendly
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."

This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by SpallsHurgenson on Thursday February 20 2014, @02:45PM

    by SpallsHurgenson (656) on Thursday February 20 2014, @02:45PM (#3462)

    Facebook is real innovation... just not in areas we'd like to see. It is innovative in how well it managed to convince people to give away all their most private details in exchange for the digital equivalent of some buttons and beads. It is innovative in getting people to waste time (and money) on some of the most mindless games ever made. It is innovative in that it does all this while at the same time being so upfront about how ruthlessly they intend to exploit their users. It's a brand new amalgamation of psychology, economics and technology, imitated by many. We may not like where it has takien us, but there can be little doubt that it was Facebook that led us here.

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2