Social network spend a fortune on a fortune on the fiveyear old instant messaging service . We got paul kedrosky, bloomberg contributing editor, also deals reporter cristina alesci. 19 billion. It is a huge number. How does facebook justify this . Number. It is a big i was just looking at the numbers last night, the largest Venture Capital based company in history which is remarkable, so the way to get at this kind of valuation is on a basis. 400 million users, maybe a billion by the end of the year, adding a million users a day. So on a per user basis, which is the metric we use with the instagram acquisition, dating back to these network of acquisitions come about 40, which puts it on par with apps of with other acquisitions of this area. Lets notw, cristina, forget that snapchat turned down 3 billion dollars from facebook. To that have an effect, cristina alesci, on the valuation for what we are seeing on whatsapp . It is unclear, but facebook needs to grow users, and how much they
Could not afford to call his family back at home in the ukraine. His cofounder, brian acton meantime, got turned down for jobs at facebook and twitter. The result, the two of them after leaving yahoo started a messaging service that anyone could afford. Just days ago he found himself eating chocolatecovered strawberries at Mark Zuckerbergs house on valentines day and striking a deal that will make him and his 50 employees very, very rich. So how will facebooks acquisition of whatsapp impact its competitors . I spoke with ben thomson, an author, who joined me from taiwan and Andreessen Horowitz partner benedict evans. I asked them if whatsapp is worth the price tag . Its a bit like the instagram acquisition. Was instagram worth 1 billion or 1 of facebook at the time . The question for Mark Zuckerberg is around maintaining share engagement and share of social activity. Whatsapp now has 450 million active users, 70 of them active every day. That is a significant advantage of facebook user
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NEW YORK, Dec. 12, 2023 (GLOBE NEWSWIRE) RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that, at a special meeting of the shareholders of RPT (the “Special Meeting”),