What is the real reason behind Facebook's $19B splurge on WhatsApp?  It needs growth

02/21/2014 - 00:00

By Reggie Middleton - 

No, Facebook is not stupid for paying $19B for Whatsapp! If they didn’t do it, Google would have!

No, contrary to popular pro-Facebook belief, Whatsapp is not a synergistic buy. Remember, Facebook already has a near identical application (Facebook Messenger) already used by probably hundreds of millions.

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