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Facebook, Inc. (FB) Message Board

  • wise4us wise4us Feb 22, 2014 8:45 AM Flag

    FB Executives Know They Overpaid (by a mile) for WhatsApp

    and to make matters worse they can't tell FB investors why they spent so much.

    In fact, the conference call Zuckerberg held with analysts following the announcement set a new standard for lack of financial disclosure. Having spent $19 billion of investors' money, Facebook was in no hurry to disclose revenue or profit figures. Asked how many people had signed up for the pay version of WhatsApp, Facebook's chief financial officer stepped in to point out that monetizing the service is not a priority. Nor was there any explanation of the math behind the seemingly obscene price. Even basic questions, such as how many people use both WhatsApp and Facebook, went unanswered.

    Monday is going to be very bad for FB stock because analysts are now picking apart this crazy deal and realizing FB just broke the bank on a big "what if".

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