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Ash4781

Facebook To Buy Whatsapp

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I think they just want to kill off a competitor.

Fink u is right. No one uses Facebook messages. It's all Whatsapp and group chats. You can organize your life with only Whatsapp.

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This is just the latest flagrant example of how insiders in Silicon Valley rip off public shareholders. Marc Andreessen, on the board of Facebook, is taking a massive payout by vastly overpaying for an acquisition in which he owns a large stake. A few years from now, he'll probably use another public company to "invest" in a start-up that Zuckerburg has an interest in. No different than Yahoo buying Tumblr a while back. These acquisitions make no sense for the shareholders -- they just siphon money off to early investors in certain start-ups, who also just happen to be on the board of the public companies.

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This is just the latest flagrant example of how insiders in Silicon Valley rip off public shareholders. Marc Andreessen, on the board of Facebook, is taking a massive payout by vastly overpaying for an acquisition in which he owns a large stake. A few years from now, he'll probably use another public company to "invest" in a start-up that Zuckerburg has an interest in. No different than Yahoo buying Tumblr a while back. These acquisitions make no sense for the shareholders -- they just siphon money off to early investors in certain start-ups, who also just happen to be on the board of the public companies.

Yeah there does seem to be some non standard corporate governance there. Seems to be mates, the owners and employees get a massive windfall. Though the fb share price is nuts so I guess we'll get more of these high valuation purchases. I still think fb will end up in the textbooks.

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This is just the latest flagrant example of how insiders in Silicon Valley rip off public shareholders. Marc Andreessen, on the board of Facebook, is taking a massive payout by vastly overpaying for an acquisition in which he owns a large stake. A few years from now, he'll probably use another public company to "invest" in a start-up that Zuckerburg has an interest in. No different than Yahoo buying Tumblr a while back. These acquisitions make no sense for the shareholders -- they just siphon money off to early investors in certain start-ups, who also just happen to be on the board of the public companies.

That seems to be the idea

Dan Alpert (@DanielAlpert) tweeted at 10:32 pm on Wed, Feb 19, 2014:

#Facebook's purchase of #WhatsApp for $19 billion is a handout to its VC friends who backed the startup at the expense of $FB shareholders.

Dan Alpert (@DanielAlpert) tweeted at 10:44 pm on Wed, Feb 19, 2014:

New "Redistribution of Wealth." Crony capitalists sharing absurd mkt valuations w/friends for no reason other than that they can. #WhatsApp

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