5/30/2023 0 Comments What is whatsapp worthWhen did $19 billion become the appropriate amount to purchase a tech application - one that already turned down a $10-billion offer from Google - from a company that employs 55 people and charges its subscribers $1 per year? In November, messaging app Snapchat rejected Facebook’s $3 billion offer. In a billion-dollar deal, Facebook purchased the photo-sharing social network Instagram in 2012. “The valuation is crazy to me,” Mele said in a phone interview to PBS NewsHour.ĭo you remember the days when $1.6 billion was considered a lot of money? That’s how much Google bought YouTube for back in 2006. ![]() On Wednesday, Facebook acquired messaging app WhatsApp for $19 billion in cash and stock, a number that left many scratching their heads, including “The End of Big” author Nicco Mele.
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