In this article it talks about the acquisition of WhatsApp by Facebook. The WhatsApp program which is considered to be an alternative for text messaging was acquired by Facebook in a cash and stock deal worth 19 billion dollars. Facebook became partners with a great brand being that the popularity of its users has gained to 450 million which surpasses the amount of consumers using Twitter by 210 million. The deal established requires that Facebook issue out 3 billion dollars worth of stocks to the 55 employees of WhatsApp during a four year timeframe.
The deal that was struck doesn’t only benefit WhatsApp but also the investors which turns out to be Sequoia Capital that believed in the text messaging program. With the investment of 60 million
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Financial benefits for Facebook partnering with WhatsApp seems vague at the moment being that the company allows new users free usage of the service on their sign-up year, then pay one dollar annually to continue service. Having the service at a low cost to consumers the company operates without promoting any third party advertisements. Before Facebook and WhatsApp joined forces they both lost opportunities to partner with other brands whereas Facebook lost a deal with Snapchat for 3 billion dollars and WhatsApp with Google’s …show more content…
Being that Zuckerberg expressed interest for the company since 2012 through email contact with Koum. The approach to become partners was done initiated through Zuckerberg on February 9th and Koum returned with a response on February 14th by going to Zuckerberg’s home. Before Koum struck this deal with Facebook to become a member of the board of directors there he was a Yahoo engineer. These two companies were a perfect fit being that they share the same core consumer group which happens to be young adults with WhatsApp connecting more the market than Facebook in popularity. If estimated the 19 billion dollars that Facebook offered WhatsApp for the partnership it can considered they paid forty dollars per potential consumer WhatsApp
As of 2016, Facebook cofounder and CEO, Mark Zuckerberg, has a net worth, estimated by Forbes, of around $47 billion. One of the richest people of the world, Mark Zuckerberg exemplifies heroic character, not attributed to fame and fortune, but his ability to utilize his success to impact others. In 2004, Zuckerberg decided to drop out of Harvard University in order to focus on developing his social media network, Facebook (The Editors). Now, at thirty-one years of age, Mark utilizes his self-created superpower, Facebook, to connect billions of people around the world. A hero, usually bolstered by a superpower, embodies the traits of ordinariness, benevolence, and idealism. Mark Zuckerberg leads a heroic life by being relatable, demonstrating
According to Nair (2011), “The social media property on the web is exploding and fast becoming a necessary part of the arsenal of any organization. It took 38 years for the radio to attract 50 million listeners, and 13 years for television to gain the attention of 50 million viewers. The Internet took only four years to attract 50 million participants, and Facebook reached 50 million participants in only one-and-a-half years. Facebook, which was originally designed for Harvard students and launched in 2004, has become a phenomenal example of social engagement. By 2009, Facebook had already achieved 100 million monthly active users covering age groups from 13 to 65; by the end of 2010, there were more than 500 million users. (p. 46) With so many people connected through social media and since businesses are dependent on people to thrive, they have been impacted both positively and negatively.
Wolfe, Lahle. "Surprising Statistics About Facebook 's Rapid Growth." About.com Money. About.com, n.d. Web. 03 Nov.
WhatsApp: It’s for someone who feels Facebook and twitter is very public and don’t want to get affected by it. It is a smartphone based social networking sites and based on phone numbers, you can sign up by using your phone number, it allows to text and share your information exclusively .I think it’s quite easy, safe, reliable, handy and a great app. No privacy is required at all, so simply one of the best app created till date.
Paul, Weiss, Rifkind, Wharton & Garrison (Paul, Weiss) and Skadden, Arps, Slate, Meagher & Flom (Skadden Arps) represented Chinese technology giants Tencent and JD.com Inc, respectively, on their $863 million investment in apparel platform Vipshop, which turned to Latham & Watkins for advice.
For everyone in the business world, Mark Zuckerberg is a well-known name to them. He is an undeniably young, successful businessman. However, Zuckerberg is also a very successful leader in his own company as well as in the world. His impact from creating Facebook is more than just impressive. Zuckerberg created the social media website where people get connected virtually and led the company to incredible success. Zuckerberg’s leadership style can be seen with inspirational motivation, intellectual stimulation, and idealized influence. With all the aforementioned components, Mark Zuckerberg is a great example of transformational leadership.
Mergers and acquisitions immediately impact organizations with changes in ownership, in ideology, and eventually, in practice. There are multiple reasons, motives, economic forces and institutional factors that can, taken together or in isolation, influence corporate decisions to engage in mergers or acquisitions. The financial risks of merging with or acquiring an organization in another country and how those risks can be mitigated are important issues for corporations to conduct research on. This paper will examine the sensible and dubious reasons for mergers and acquisitions and the benefits and costs of the cash and stock transactions.
Zuckerburg’s parents are a dentist named Edward Zuckerburg and a psychiatrist named Karen Kempner. He also has a sister named Randi Jayne Zuckerburg. In middle school Mark started to use computers and had a tutor to help him learn more about computers and software. Zuckerburg went to Ardsley High School, then in his Junior year, transferred to Phillips Exeter Acadamy, a more advanced high school. During high School he took a graduate course at Mercy College near his hometown. Then he went to Harvard University after high school. Zuckerburg made lots of computer games and other small social media sites for Harvard Students. In his Sophomore year, he dropped out of Harvard to pursue his dream in the site that made him famous, Facebook.
If a user often views things related to cooking for example, then Facebook will start making ads pop up for cookies, grocery stores, and other food related items. Even the advertising industry is breaching on user’s privacy. When someone goes shopping at the store, there is not someone stalking them writing down everything they look at on a pad of paper, and then suggesting related stores to him or her. That would be very suspicious. Now, with Facebook, the company sneakily violates user’s privacy while making them think it is smart technology and is beneficial. Psychologically, advertisers are becoming smarter into tricking their customers. Ad suggestions are more or less an invasion of privacy by the company
In the past twenty-five year’s internet has become part of our daily routine. Waking up in the morning and the very first thing people do is check their Facebook. Facebook is a social media website where people can interact with others online. In fact, Facebook has more than 1.19 billion account of people. Some people say that Facebook is taking over people’s lives. Today more than ever people are findings ways to connect with family and friends. “According to the Facebook website, more than half of the active user’s log on to their accounts daily”. However, although Facebook could be great way to use to connect with friends and maintain good relationships with people it can cause more harm than benefits. I do believe that Facebook became part of who we are.
The entire Facebook company is being sued by three owners of ConnectU, which is another social networking site.
The most used platform by social media marketers was Facebook, which was leading the chart.
First of all, Facebook is a social network, which means it connects people around the world, allows us to make new friends around the world, builds more relationships, brings some new colors to life. It is very beneficial for
Facebook, Instagram, Twitter and mobile apps has become one of leading social media platform in the world (IE Singapore, 2016). Both restaurant companies utilize Facebook to engage with their customers and allow customers to provide reviews (Popeyes Singapore, n.d.).
Mark Zuckerberg founded Facebook in 2004 and its sole purpose is to give people the power to share and connect with the world. With 1.23 billion monthly active members, Facebook has certainly surpassed all other social sites. To put it in perspective that is roughly one-sixth of the entire world’s population. According to his book, Introduction to Digital Literacy Mark D. Bowles (2013) stated that Facebook is “the leading social networking site” where you can update your status, share information like photos, find friends and establish networks (pg. 184). This is exactly why Facebook is so popular amongst other social sites.