What’s Up with WhatsApp and Payments?

From PYMNTS.com –

“Almost exactly one year ago Facebook managed to shock just about everyone with its $19 billion dollar acquisition of chat app WhatsApp? Published reactions of disbelief included,
 

• “That’s gotta be a typo.”

• “That sounds exorbitant.”

• “Holy S–, that’s a big number.”

Note, those weren’t quotes from pundits or investors – those were the reactions of people who were building their own chat apps and would, at least, be expected to immediately agree with any high valuation. If people with hopes of selling their own “WhatsApps” thought the number sounded crazy – the number must be crazy, right?

Mark Zuckerberg, it seemed to many commentators, had simply gone wild with his (big) checkbook.”

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