Print 29 comment(s) - last by Disorganise.. on Feb 23 at 8:19 PM

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

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

By ResStellarum on 2/21/2014 9:56:33 AM , Rating: 2
IMO, Facebook will go the way of AOL in time. People will grow tired of it and something new will come along and dazzle the adicted "Social media" druggies.

People are already tired of Facebook. The important target groups (16-30) have long since abandoned it. Which is why Zuck is scrambling to buy up everything they're abandoning it for, namely Instagram, WhatsApp etc.

The only people left on NSAbook now are the older generation who signed up to keep in touch with their kids. And they don't use it much. So Zuck's left with 1 billion stagnant accounts, and a couple of hundred million fake accounts being run from people in asia. Facebook's finished. It's desperately buying up all the competition to try and stay relevant. It won't work because everyone hates FB.

"Well, we didn't have anyone in line that got shot waiting for our system." -- Nintendo of America Vice President Perrin Kaplan

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki