Facebook purchases WhatsApp for $19 billion
Facebook has just announced that they’re buying the popular instant messaging (IM) app WhatsApp for an incredibly cool 19 billion-with-a-b dollars. That’s $4 billion in cash, $12 billion in shares, and $3 billion in restricted stock for the founders and employees that’ll divest over the next 4 years. So why is Facebook spending all this money on WhatsApp and what are they […]
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