You could almost hear the collective gasp inside and outside the tech community on Wednesday when Facebook announced plans to acquire WhatsApp for $16 billion, with another $3 billion in restricted stock units thrown in for employees for good measure.
In fact, this was the second time in three months that news of a possible Facebook acquisition had caused more than a few jaws to drop. The first came in mid-November after reports surfaced that Snapchat had rejected a $3 billion offer from Facebook. The rumored offer, like an earlier failed attempt from Facebook to kill off Snapchat with a copycat app, led to a spike in interest for the startup. Read more…
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Read more : Facebook Snaps Up WhatsApp, But What About Snapchat?
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