Scalper1 News
Facebook (FB) CEO Mark Zuckerberg was applauded on Wall Street for his gutsy decision to spend $19 billion on fast-growing mobile messaging app WhatsApp. But to regular Joe comedians, Zuckerberg is a laughingstock for spending so much on a 5-year-old startup company with 55 employees and 2013 revenue said to be $20 million. The deal, announced Feb. 19, dwarfed the price of any single acquisition ever done by a host of tech giants, including Apple (AAPL) Google (GOOG), Microsoft (MSFT) and Yahoo (YHOO). New “Tonight Show” host Jimmy Fallon poked fun at the deal last week. “Some major business news,” he said. “Facebook bought a messaging app called WhatsApp – WAZ-UP – for $19 billion in an effort to hold on to teenagers who no longer think Facebook is cool. Yeah, WhatsApp. Cuz nothing says ‘cool’ like an app named after a Budweiser commercial from the ’90s.” Scalper1 News
Scalper1 News