What could you buy with $19 billion? Well, according to CNN, 12.6 billion hot dogs; 4 World Trade Centres; 198 million years’ worth of Netflix; or relief for the Philippines 3 times over. Few companies can afford to splash that amount of cash, however Facebook can count themselves in that small bracket. Instead of keeping Mark Zuckerberg in hot dogs for the next few millennia though, Facebook decided to spend it on WhatsApp. The $19 billion price tag shocked many, however there must be some reason that Facebook valued the app so highly.
Viewing entries tagged