One App, $19 Billion
Facebook CEO Mark Zuckerberg had the Facebook checkbook out again Thursday, paying an eye-popping $19 billion in cash and stock for a single app. What app? WhatsApp. What's that?
"Our goal for Facebook over the next few years is to deliver a set of new mobile products that allow people to share any type of content with any set of people they want," said Zuckerberg in a recent earnings call with investors. "WhatsApp fits this vision perfectly."
Here's what's what about WhatsApp.