Facebook Buying App For $16 Billion

(Reuters) - Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for $16 billion in cash and stock, as the world's largest social network looks for ways to boost its popularity, especially among a younger crowd. That's nearly 10 times as much as Google paid for Youtube at the end of 2006.
Source: Dr. X's Free Associations - Category: Psychiatrists and Psychologists Authors: Tags: Front Page Source Type: blogs