Tuesday, February 25, 2014

Facebook: A $19 Billion Signal That It Has More Than A Teenage Problem

One thing is for sure regarding Facebook's (FB) purchase of WhatsApp: it signaled a desperate move regarding the future of social media. The social media giant is now faced with not only a teenage problem, but also a clear indication that it is unable to design the next hip app. The Q413 earnings call less than a month ago focused heavily on the Messenger product that it has now spent $19 billion to replace. Facebook is now stuck buying hot apps in an area where a new one might pop up every week considering the large prize on the line.

Read the full article at Seeking Alpha.


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