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. Disclosure: No positions mentioned. Please review the disclaimer page for more details.