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PopWrapped | Technology

Facebook's Acquisition Of WhatsApp Breaks Silicon Valley Records

PopWrapped | PopWrapped Author

PopWrapped

Updated 02/23/2014 11:40am
Facebook's Acquisition Of WhatsApp Breaks Silicon Valley Records
Media Courtesy of Apple Insider

Shane Avery

Staff Writer

@ShaneAvery   And not just any purchase:
A $19 billion purchase!!
This past Wednesday, Facebook made headlines when it purchased the ever-growing WhatsApp for a staggering $16 billion, but that's not all. If the founders and employees stick around for an extra 4 years, they'll bring in an additional $3 billion in Facebook stock, rounding out the purchase total to $19 billion.
This would then put the groundbreaking deal on par with Hewlett-Packard's massive merge with Compaq back in 2002.
The purchase also comes almost 2 years after Facebook purchased Instagram for $1 billion back in 2012.
WhatsApp charges its staggering 450 million users an annual fee of only $1 for unlimited data messaging which is VERY different from other mobile networks.
Facebook founder Mark Zuckerberg said of the purchase:
"I proposed that if we joined, we could really connect the world,"
 
What do you guys think of Facebook acquiring WhatsApp??
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