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Old Croc
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Joined: 13 November 2008
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    Posted: 20 February 2014 at 4:47pm
Are we in the wrong business or what 19 bill between 50 employees.

http://www.extremetech.com/mobile/176960-facebook-acquires-whatsapp-for-19-billion-in-desperate-attempt-to-stave-off-stagnation
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Points: 4113 		Post Options Post Options   Thanks (0) Thanks(0)   Quote djeddie Quote  Post ReplyReply Direct Link To This Post Posted: 20 February 2014 at 8:05pm
And they turned down a one billion offer from Google last year! If I had anything that someone offered me one billion for (let alone nineteen billion), I would've said yes straight away!
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Only 25% is in cash, the rest shares. A mere 5 bn give or take so nothing to get excited about.
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Points: 4840 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Tony Wilkes Quote  Post ReplyReply Direct Link To This Post Posted: 20 February 2014 at 8:32pm
I know that I am an old fart but IMHO this encapsulates a lot of what is facked in modern society. Folks that really enrich society often get very little and then there is this crap.

Tony
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Points: 2435 		Post Options Post Options   Thanks (0) Thanks(0)   Quote app Quote  Post ReplyReply Direct Link To This Post Posted: 20 February 2014 at 8:44pm
Originally posted by Tony Wilkes Tony Wilkes wrote:

I know that I am an old fart but IMHO this encapsulates a lot of what is facked in modern society. Folks that really enrich society often get very little and then there is this crap.

Tony

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the main thing people seemed to like about whatsapp was that it wasn't facebook LOL
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Hah yeah, I'd rather pay for a sleek app like Whatsapp, than deal with Failbook bloat for free
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Originally posted by app app wrote:

Originally posted by Tony Wilkes Tony Wilkes wrote:

I know that I am an old fart but IMHO this encapsulates a lot of what is facked in modern society. Folks that really enrich society often get very little and then there is this crap.

Tony

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Well it is sort of hard to quantify the amount that whatsapp has enriched the world, it is a hugely popular application used globally. But I do agree that this is silly money.

If it's any consolation then Facebook is very likely doing a Yahoo, i.e. buying up anything that they think will make them more relevant again.

Edit: Something else I just considered - obviously that much money for an application that is well executed but simple would be silly, but when you consider how many people use whatsapp (hundreds of millions) the cost per user starts to approach a sensible level. It's more about buying access to those people and extending facebook to them than it is purely about the application. Still don't think its a good idea but it makes it a lot more reasonable to understand.


Edited by odc04r - 21 February 2014 at 9:47am
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Old Croc
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Points: 4178 		Post Options Post Options   Thanks (0) Thanks(0)   Quote 4D Quote  Post ReplyReply Direct Link To This Post Posted: 21 February 2014 at 10:37pm
I think its the scale that's so incredible, literally billions of people available online.

Communication has become truly global and so has the market for innovative products that enable it.

The old hippy in me likes to think it could be a manifestation of the age of Aquarius.
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Points: 5483 		Post Options Post Options   Thanks (0) Thanks(0)   Quote odc04r Quote  Post ReplyReply Direct Link To This Post Posted: 22 February 2014 at 10:01am
The young cynic in me thinks that it is a shrinking company buying more eyes whilst removing and monetising the competition Big smile

But it is true that we live in an amazing time compared to 50 years ago.
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Points: 279 		Post Options Post Options   Thanks (0) Thanks(0)   Quote TENSiON Quote  Post ReplyReply Direct Link To This Post Posted: 22 February 2014 at 12:01pm
Originally posted by odc04r odc04r wrote:

But it is true that we live in an amazing time compared to 50 years ago.



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Old Croc
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Points: 2435 		Post Options Post Options   Thanks (0) Thanks(0)   Quote app Quote  Post ReplyReply Direct Link To This Post Posted: 24 February 2014 at 7:10pm
Kim Dotcom is planning to make a totally secure video communication program.Like skype but secure.Another great nerd from FI.The other being Linus Torvalds.Check this interview!
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