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Google's offer lacked the board seat Facebook gave up

Yesterday we mentioned that Facebook had plunked down a huge amount of cash to buy the WhatsApp messenger service. The purchase cost Facebook a whopping $16 billion in cash and stock.
A new report from Fortune claims that Facebook wasn’t the only major tech firm sniffing around WhatsApp. Google also reportedly made an offer to buy the company for $10 billion.
Google's offer was not only significantly less than the one made by Facebook, but the Google offer also reportedly didn’t come with a seat on the board as Facebook's did.
Many of our readers have commented that they are flabbergasted as to why such a simple app would be worth so much money to Facebook and the reasons are quite simple. The service has 450 million active users and is gaining one million new users each day. Many companies would kill for the information that can be skimmed from those users.
As Facebook CEO Mark Zuckerberg said in a conference call following the announcement, "WhatsApp is the only app we’ve ever seen with higher engagement than Facebook itself."

Source: CNN

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By purerice on 2/20/2014 6:21:25 PM , Rating: 2
There are no Google fans who don't work for Google. Google is that hot guy/girl everybody wants until they get more familiar and realize how when he/she talked about standing on top of the world and looking down on humanity, they really meant it in a psychotic kind of way.

Facebook wants to profit from selling your identity.
Google just wants your identity.
Both are evil, but Facebook's motives are at least a little more understandable.

By atechfan on 2/21/2014 4:26:05 AM , Rating: 2
There are no Google fans who don't work for Google.

reclaimer77 proves how wrong that statement is.

By jimbo2779 on 2/21/2014 10:06:32 AM , Rating: 2
he doesn't work for Google?

“And I don't know why [Apple is] acting like it’s superior. I don't even get it. What are they trying to say?” -- Bill Gates on the Mac ads

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