David Rosenthal: uncertainty

Transcript context

…Which may have kept Facebook from putting that on the roadmap until much more recently. Exactly. I don’t know if this was something that because the deal came together so quickly, Facebook didn’t think hard enough about this, or they agree to do it and thought, “Whatever, we’ll just do it anyway. ” This is in the final documents. The Wall Street Journal (they’re willing to in our sources) did a big article about this that it actually made it to the final docs, so it was part of the deal. The next week, they announced the deal, $19 billion total consideration. By the time the deal actually closed, Facebook stock had run up and it was $22 billion in total value. What’s another $3 billion between friends? At Mobile World Congress, Mark Zuckerburg gives a keynote speech. He talks all about the acquisition, he says that WhatsApp’s going to be independent, it’s not going to be advertising, it’s really the vision is related to internet.org, it’s that they’re building this suite of utility services for the Internet. Particularly in developing areas outside the US, where their monetization currently isn’t working at all.…

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