The saying used to say, water water everywhere, and not a drop to drink. It might as well be words words everywhere and not a single word to say. I wonder if emotion in communication — our ability to express is vanishing from our lives as we are overrun by methods and mediums of communication. … Continue reading Words without meaning & the reality of networked communication
Facebook’s $2 billion bet on Oculus or $19 billion spend on Whatsapp or Google paying $3.2 billion for Nest — everyone is looking to find the next platform, argues Fred Wilson. Everyone is betting billions of dollars on trying to find what comes after mobile. Fred’s comments made me wonder: so are smartest minds of our … Continue reading Billion Dollar Dart Throwing
It has been over a week since Facebook announced its intentions to buy WhatsApp for about $19 billion (all told.) The news obviously generated a lot of debate and a lot of commentary filled the airwaves. The stock market more or less approved of the deal, giving Facebook stock and market capitalization the requisite bump it needed. I argued that it was an irrationally rational deal.
Since I started a new gig, I sort of ignored most of the published commentary. A couple of days ago in a conversation with my new colleague at True Ventures, Keila Fong, we started talking about how different really is WhatsApp that it is worth $19 billion to Mark Zuckerberg. So we ran some numbers and compared WhatsApp’s numbers to some of the other social applications.
These charts show that not only WhatsApp is different, but it is exceptional and did well to capture the moment (i.e., rise of the mobile broadband) near perfectly. They are also not just exceptional, they are a standout with highest rate of growth and getting to that point the fastest.
Another day and another acquisition — and another one that is jaw dropping and seemingly insane. Less than a week after Japan’s Rakuten acquired Viber for $900 million, Facebook co-founder and chief executive Mark Zuckerberg announced that he is buying WhatsApp for a whopping $16 billion in cash and stock. Add another $3 billion for … Continue reading The irrational rationality behind Facebook’s $16 billion acquisition of WhatsApp