This page has been archived and commenting is disabled.
As Facebook's $19 Billion Whatsapp Purchase Crashes (And May Be Hacked), Its Competitor Is Exploding
Update: after 3 or so hours of downtime, Whatsapp is Backapp. For now. Then it may be Whatsdownn again...
* * *
It has been an inauspicious beginning for the most ridiculous internet purchase since the last dot com bubble - Facebook's $19 billion acquisition of Whatsapp. Several hours ago, Whatsapp left its 400+ million users (each of which cost Facebook almost $50) in the dark, after the service went offline and has yet to provide a reason for the crash.
The only status update released by Whatsapp was the following tweet:
sorry we currently experiencing server issues. we hope to be back up and recovered shortly.
— WhatsApp Status (@wa_status) February 22, 2014
One would think $19 billion buys some grammar lessons...
So while Facebook's newly acquired subs are scrambling to figure out why they cant send a text message halfway around the world for free, and are considering using the iMessenger service, which would also achieve the same result, also for free, one well known hacking group, Anonymous, has implied it may be involved in the crash.
#Tangodown Whats App :P lol
— Anonymous Own3r (@AnonymousOwn3r) February 22, 2014
Needless to say, adding insult to corporate sellout inury for Whatsapp's users would be a Snapchat like hacking which exposes millions of crotchshots for all to see. Which perhaps explains why while Whatsapp is scrambling to get back up, one clear winner has already emerged: Telegram (based in Berlin, Germany) is getting 100 new registrations…PER second!
This is crazy. We'are getting 100 new registrations every second. Trying hard to prevent connection issues in Europe.
— Telegram Messenger (@telegram) February 22, 2014
We're experiencing connection issues in Europe caused by the avalanche of new users. We're getting it fixed asap.
— Telegram Messenger (@telegram) February 22, 2014
At this pace, and assuming there are greater than Facebook fools out there, it will be worth over $1 trillion in mere months.
And now back to the regularly scheduled lessons in barriers to entry. And lack thereof.
»
- 35686 reads
- Printer-friendly version
- Send to friend
- advertisements -
i'm scrapping Whatsapp (which i've used for a few years) for anything else!
laughing
so
hard
stomach cramps
Zuckerberg should have stuck to stealing his businesses.
+1000 for that one, but ain't that the 'muriKan way, why actually "create" something when you can just steaal it and call it your own, we are in the time of NO Personal Responsibility and ZERO Consequences for our actions....
FORWARD Comrades!!
the most ridiculous internet purchase since the last dot com bubble - Facebook's $19 billion acquisition of Whatsapp.
Probably the most ridiculous of all time, rev of 40m$ was it?
been reported that Mark Zuckerberg and WhatsApp founder Jan Koum negotiated the acquisition while they shared a box of chocolate covered strawberries. It’s just another interesting sidebar to this story as we wait to see if their secret formula as applied to revenues, user adoption rates, and employee utilization ultimately proves that their $19B math indeed works.
Yep, very 'interesting'
Z "hey dude how much you want for your company man?"
K "100 billion man."
Z "Whoa dude, slow down that's way too much, here have a chocolate covered strawberry."
K "Wow sweet, thanks!"
Z "Yeah so like, what you think 19B cash/stock?"
K "Can I keep the strawberries?"
Z "19B + strawberries"
K "Fuck yeah, let's do this."
How much did Morgan Stanley get? Whatsapp's "independent" financial advisor who led the FB initial public offering!!
...Suckerberg
ROFLMAO...
Oh and to think that YouTube was purchased for just $1 billion. You know, the site that completely dominates the video sharing market and has ridiculous potential for advertising revenues, given that it can show video advertisements. WhatsApp is a piece of shit. I bet a majority of those 400 million users are bots.
European used Whatsapp because it was not Google not Facebook. Now they will switch to another app and 19 billions goes poof.
Makes sense. I never heard of it over in the US (admittedly I don't lead much of a digital life).
For $19 billion Zuck couldn't have created his OWN free messaging service and auto-enrolled every FB user in it??
Oh well. Let's try to look at the bright side of this- Zuck just lost $19 BILLION dollars. Couldn't have happened to a nicer douchebag.
That's what I can't understand. Facebook has scores of the best programmers.
BTW, think of how easy it will be for shady people to do money laundering now. Just create some half-assed 'app' and swap it for millions and millions (no need for real estate, casinos, etc. the usual routes)
Facebook has morons who cannot design anything from scratch.
Exhibit A: FaceBook Phone
Exhibit B: Instagram
Facing issues while syncing the whatsapp servers with the facebook direct line to the NSA is understandable. Don't worry folks, just a one time outage. The NSA will ensure you face no future problems in communicating with your aquaintances. They don't want you going back to poigeon posts. Those damn pigeons are not cooperative at all!!! Not even in the name of national security.
Mark Zuckerberg and Jan Koum are both jews.
You're a disgusting racist fool. I was taught to have pity on people like you but it's difficult.
That's like being disgusted someone has the nerve to say the Pope is Catholic.
So,
let me get this straight.
If someone is a jew,
and you call them a jew,
you are being racist?
And,
If someone is a muslim,
and you call them a muslim,
you are being racist?
Please explain the logic of that for me . . .
all my Asian friends switched to wechat over a year ago...and I actually found it to be a "friendlier" app.
In my circle it is Viber.
Was very pleased when I heard that Facebook had bought a messaging service that it was Whatsapp instead.
All that the giant vampire-corps do when they make a buy-out, is deliver the kiss of death.
In Europe WhatsApp is huge and we don't have unlimited texts (personally I have 100 texts a month in my bundle, so I do really need an internet-based chat)
Though, since yesterday the majority of my friends has already changed to Telegram.
Bye WhatsApp...
Fucking retarded dot.com bubble 2.0
19 billion USD for a stupid, fucking company that was already redundant and vestigial by the time 2008 rolled around since just about every cellphone' carrier provides unlimited texting per their price plan bundles.
I am going to LOVE watching all the morons who have no comprehension of what Bernanke really did get crucified when this complete & total fraud of a "market" get blow torched.
I always thought Excite@Home buying Blue Mountain Arts(an online greeting card company) for 780 million dollars in cash and stock was the worst dot com deal ever. Eventually, the founder bought his company back for 20 million bucks.
http://news.cnet.com/ExciteHome-buys-online-greeting-card-site-for-780-m...
Mattel buying The Learning Company was an epic disaster too. What was Mattel thinking???
http://www.nytimes.com/2000/04/04/business/mattel-decides-to-put-on-sale...
Yahoo buying Broadcast.com was another disaster.
http://money.cnn.com/1999/04/01/deals/yahoo/
Facebook buying Whatsapp probably will top them all as the worst deal ever. 19 billion could really buy you some nice profitable companies.
AOL - APP.
Ah, the memories.
Facebook is a black hole aol.
Hola!
+100
zuckerberg=jacob greenberg grandson of davy rockefeller
Those 2 look nothing alike. I love a good conspiracy but hate disinformation. Don't believe everything you read on the internet.
ok
i'm better now
so tell me more about this app based on a budweiser promotion?
http://www.youtube.com/watch?v=tauYnVE6ykU
Every Asian bird I meet has some variation of Wazzap that they want me to join.
"Line" is one
"WeChat" is another
When this blows up, it will look so good on ZuckerFace. Fucking numpty... And he has an Asian wife too. She never filled him in on this ? Must have been an westernized Asian...
can we blame this on the weather?
Bush's fault....
come scrap my ballz
Relax, they just had reboot the system after the NSA uplink was confirmed.
Facebook had better hope like hell they never come up with the cure for ADHD......or narcissm for that matter.
Although.....it looks like boredom and loneliness are here to stay. So it would be a slight net gain even if they do find a cure.
What's down bitchez?
WTF LOL UPTMFTPOS!
Anonymous: the perfect boogeyman.
WhatsApp WazCrap.
Wasssssssuuuuuuppppppp?
Faazbewk ha been bery bery good to mee
Tech. bubble part two!
Anyone nostalgic for 2000 A.D.?
Yes.
Experienced 1.0 living in Seattle.
There'll be some cheap office furniture and second hand IT on Craigslist sooner or later, I reckon.
Pets.com, the globe.com, drkoop.com, geocities.com, webvan...had em all just like Jimmy Cramer told me to
You forgot mylackey.com and homegrocer.com.
Those were two of my favorites.
Mylackey.com allowed you to rent menial servants online. Homegrocer.com allowed you to buy food without leaving your Belltown apartment.
Love it! Such great nostalgia.
And many have forgotten that dozens of dubious "internet infrastructure" stocks were valued above $300/share! Juniper, Broadcom, GIga Networks, JDS Uniphase, PMC Sierra..
Also you could spend your days in Mom's basement at the computer, cock in hand. Hell, forget nostalgia, things haven't changed much for many.
Sure "beats" working. Some of you need to cut your cost of living and start living.
I'm still holding my 50,000 shares of pets.com - I'm confident it'll rebound soon.
There is no doubt..
I'm calling a Pets.com top of the market FULL RETARD peak right.....NOW!!
You know what they need? The Whatsapp Doc?
What's up doc? - Bugs Bunny and Elmer Fudd singing
http://www.youtube.com/watch?v=silJoHrXsIc (0:45)
You've crackd the code.
It's gonna be the new launch of the bama care program.
And bamy is paying the founding fee.
Crotchshot!
$19B boondoggle.
Whatscrapp.
from the top of: http://www.whatsapp.com/android/ Android download link.
Please download the latest version of WhatsApp Messenger and enjoy our service free for 1 year! During, or after free trial period you can purchase service for $0.99 USD/year.
450 million people on a 1 year free trial, for $19B... What's that publication called... things that make you go Humm...
So, what is the conversion rate for things like this? Maybe I'll get a coouple of app builders and offer one with a 2 year free trial and then only $0.50 USD/Year. Think FB will pay me 8B for that, Will have to get 450 peeps first, but... details.. Oh wait, I just found 6 competitors, including Google Hangouts... I think my daugher uses that one... Never mind it was only $ 19 Billion
Considering viber was purchased last week by a japanese supermarket company for 500mln , the amount paid for whatsapp does seem a little excessive.
"Considering viber was purchased last week by a japanese supermarket company for 500mln , the amount paid for whatsapp does seem a little excessive."
A LIITLE EXCESSIVE ??? well, it's just a too humble qualifier
It's a HELLUVA exorbitantly excessive!!! lol
someday, instead of texting, they will invent a device that allows people to actually talk to each othr
That would require linguistic and interpersonal skills. Too much work.
Mom? MOM! Can you make me a Hot Pocket? Huh? Ok, Ok, can you make me a Hot Pocket PLEASE.
Any dumbshit who uses "social media" - and that includes most of my own family - is a fucking TOOL! Amerika exporting dung? Sounds about right! FACEFUCK!!! Bwah ha ha!
WhatsApp or WhatsCrapp?
It gets worse, Cramer is all-in on Facebooks acquisition:
http://www.thestreet.com/story/12438341/1/jim-cramer-the-kids-know-whatsapp.html
Thanks for that link. That was really eye-opening. Everyone should check it out to see what a BS pumper JC really is. I had a "Newton's Apple" moment.
55 programmers working in a garage could come up with the same thing in less than a month for about $18.9 billion less... Wait now - they did!
While you’re waiting for WhatsCrapp, here’s a hilarious photo of Sheryl Sandberg chugging a bottle of Jim Beam for lunch in her office.
can i'z pay for it wiz bitcoins?
fonestar does
They can spray it with FLOK Suede paint and sell it off as new for twice the price to TWTR.
Whatsapp is government-owned spy ware and the $19 billion price tag is how Facebook pays Obama for doing commercials for them.
Jan Koum's (Jewish Ukrainian) $19,000,000,000 story is as flimsy as Mark Zuckerberg's Facebook dorm development fairytale.
Miss,
i'm so jaded by all this money flowing into one group of hands that that was exactly my first thought....is one of the owners a member of the tribe?
So does this mean FB will only be up a couple dollars next week instead of many dollars?
God, why didn't I buy shares in a company the suckerbergs own over half the voting shares.
The guy is a fucking asshole. And he'll walk away with billions, and morons will worship him because of it. But there's nothing like pissing away billions of capital on things that have no meaning.
The thing about making money that "easy", is that it is gone just as fast. Whatsapp is a perfect example of that. I doubt they'll be much left for FB or Zuckerberg (aside from hard assets) once the crash really hits. I wonder if Enron or Facebook stock will be cheaper in 10 years.
AssFaceBook!
it is shocking that something is worth $19 billion that i've never ever heard of
$19 billion just isn't what it used to be.
WhatsApp Zuckerfuck?
/Lol
does it not occur to anyone that these massive highly dubious transactions of cash and stock are simply cover for moving money?
essentially money laundering of one sort another with the legit exucse that you made a 'bad investment'.
happens all the time in other industries, admittedly for lower amounts of 'cash and stock'.
it strikes me that when an acquistion is beyond belief. it is.
seriously if u just wana throw money away..... im right here
TCP/IP has KARMA!
Dont forget corruption. This is a way to get millions out of FB unnoticed.
Why is it that whenever I think about Facebook, an image emerges in my mind of a giant balloon that one day will simply explode and whither away.
I honestly cannot think of any Internet site that is more intrusive (apart from Google) and such a complete waste of time and money. The very idea that Mark Zuckerberg has become a billionaire on the back of it makes me sick.
Coup de etat if Apple buys out this little telgram app .. what a joke right .. The other way to lower the cah pile
If you give something away, its intrinsically valueable these days. Wait for Goodwills IPO.......
I posted this yesterday but thought it was worth repeating. NBC had a segment pertaining to Facebook. Before the US men's hockey team beat Russia in the shoot-out, the two areas where Olympic hockey were most talked about on Facebook were Scandinavia and INDIA. That tells you all you need to know about how fabricated Fakebook is. INDIA the new hothead of HOCKEY.
How many facebook clicks are BOTS?
Telegram is much superior than WhatsApp in all aspects. It's supporting sending various file formats not just pic files in big size eg. pdf and so forth...
Telegram also has the Secret Chat whereas user can set the timing of the Self-Destruct message and change its encryption key. Ofc the fact that it does not belong to the known NSA's front-ends is definitely a big plus :-)
Yeah it also has better UI, emoticon collections, etc...