It's not often I see news that surprises me, but Facebook paying nearly $20 billion for an instant messaging app had me scratching my head. People have been paying too much for properties for some time, but this is crazy money for a class of product that stopped being trendy nearly a decade ago. I've come up with three reasons, none of which are mutually exclusive, as to how Facebook was tricked into massively -- boy, that word is just not adequate to describe this -- overpaying for this property. This should be a wakeup call for Yahoo, Microsoft and Aol.How Facebook Got Snookered in WhatsApp Deal
It's not often I see news that surprises me, but Facebook paying nearly $20 billion for an instant messaging app had me scratching my head. People have been paying too much for properties for some time, but this is crazy money for a class of product that stopped being trendy nearly a decade ago. I've come up with three reasons, none of which are mutually exclusive, as to how Facebook was tricked into massively -- boy, that word is just not adequate to describe this -- overpaying for this property. This should be a wakeup call for Yahoo, Microsoft and Aol.
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