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Facebook is the next facebook (with Whatsapp & Instagram purchases)

Added about 3 years ago | As appeared first on ben-evans.com
Facebook just bought WhatsApp, paying $16bn in cash and stock and $3bn in RSUs. WhatsApp has 450m active users, of which 72% are active every day. It has just 32 engineers. And its users share 500m photos a day, which is almost certainly more than Facebook. This is interesting in all sorts of ways - it illustrates most of the key trends in consumer tech today in one deal. First, it shows the continued determination of Facebook to be the 'next' Facebook. It's striking to compare the aggressi...
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