Facebook to buy Whatsapp for $16 billion

Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for $16 billion in cash and stock, as the world’s largest social network looks for ways to boost its popularity, especially among a younger crowd.

These prices are out of control.

  • @Jim – The article may have been updated; it now says $19 billion!

    • James Hughes

      “the social network will grant an additional $3 billion worth of restricted stock units to WhatsApp’s founders, including Koum.

      That is on top of the $16 billion in cash and stock that Facebook will pay.”

  • Leon Green

    A new bubble or just the cost of buying the future?

  • CJ

    Facebook has proven that it has more money than it knows what to do with.

  • Billy Razzle

    This reeks of desperation. Zuck is terrified that he will be “out zucked”.

  • Well, time to find another messenger app…

    Whatsapp uses my phone number for my friends and family to contact me. Facebook constantly asks me to give them my phone number, and I refuse every time. Now, Facebook will get my phone number despite me not wanting it anywhere near Facebook.

    Therefore, Whatsapp will soon be deleted from my phone.

    • tylernol

      whatsapp has had so many security and privacy holes for so long that you should have deleted it long before this.