Reading the various technology news stories this week, has me thinking this could be 1999 dot com bubble all over again or not. I was stunned that a company called WhatsApp with very little revenue was actually purchased by Facebook for 19 Billion. At first I thought this had to be wrong because why would any company be willing to fork out that kind of money on a fricken App of all things.
Turned out that this company may be a hidden gem according to several technology blogs. With over 400 million monthly users and growing by about 1 million per day, this company could be on target to reach 1 Billion users in a short period of time. As well, this App has zero advertising, which brings me to the next logical question. Doesn’t Facebook need to serve ads to all those users to make some money back?