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.
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Read the full article at Seeking Alpha.
Disclosure: No positions mentioned. Please review the disclaimer page for more details.
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