What’s up with Facebook’s $16 billion WhatsApp deal
February 19, 2014 at 18:45 PM EST
Investors and pundits were stunned Wednesday after Facebook said it was paying $16 billion in cash and stock for WhatsApp, a mobile texting app with more than 450 million users worldwide. Facebook investors were not pleased at the staggering price, which comes on the heels of a failed deal for SnapChat, writes Therese Poletti.