Thursday, February 27, 2014

Zuckerberg on 19 Billion Dollar WhatsApp Acquisition

Techonomy CEO David Kirkpatrick interviews Facebook CEO Mark Zuckerberg at the Mobile World Congress in Barcelona, Spain on Feb. 24, 2014.

Mark Zuckerberg has claimed that WhatsApp, the free text messaging app he bought last week, is worth significantly more than the $19bn he paid for it and will help spread internet access to billions more people. The Facebook chief executive said on Monday that even as an independent company without the benefit of Facebook's marketing clout, WhatsApp would be "quite a good bet" to be a major communications company. He said: "I could be wrong. It could be the one service that reaches 1bn [users] and doesn't become valuable

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