A privacy advocate group has asked regulators at the Federal Trade Commission to put the kibosh on Facebook’s acquisition of WhatsApp for a while. It seems they want to get a better idea of just what Facebook intends to do with the private data of WhatsApps existing members. Though WhatsApps has been adverse to collecting data for the sake of advertising, Facebook may not be.
Google never made a play for WhatsApp despite reports of an unsuccessful $10bn bid for the messaging service, Senior VP Sundar Pichai says, though talks of collaboration between the firms did apparently take place. WhatsApp, which Facebook announced earlier this month it would acquire for a whopping $19bn, was never a target for purchase according to Pichai, with "press reports to the contrary" being "simply untrue."
The biggest purchase news this year came when Facebook stepped up and dropped billions and billions of dollars on WhatsApp. We learned last week that Google would have beat the $19 billion offer that Facebook made for WhatsApp, but WhatsApp went with Facebook anyway. WhatsApp has offered up another big bit of news this week.
WhatsApp users should ditch the instant messaging service else face privacy issues and potentially seeing new owner Facebook monetize them in intrusive ways, Germany's data protection commissioner has warned, with the country renewing its anti-Facebook stance amid the $19bn acquisition. Both Facebook and WhatsApp "refuse to comply with European and German data protection regulations" Thilo Weichert, of Germany's data privacy watchdog ULD, said of the deal. "Even the NSA access to communications data is facilitated by the purchase."
Facebook's acquisition of WhatsApp has perhaps surprisingly given ailing BlackBerry a boost, as the Canadian company's share price jumped amid speculation that messaging service BBM could be worth more than previously believed. The Canadian firm's share price is up more than 5-percent today - and was up more than 9-percent in after-hours trading yesterday - as investors question whether BBM might be the undervalued star of BlackBerry's portfolio of services.
This morning one of the stories you’ll see trampled by bits of information like Facebook’s buy of WhatsApp and the new Xbox One remote is the fact that the FCC isn’t giving up on Net Neutrality. The solidification of the idea that all web traffic should be created equally - that’s what’s being fought over. The FCC is writing up some ground rules right now that you really, really should be aware of.
Facebook's $19bn offer for WhatsApp was one of a number of big-figure acquisition attempts, with Google reportedly offering $10bn for the messaging service. Facebook's deal - which sees WhatsApp valued at $2bn more than NASA's 2014 budget - was one of a number of possibilities, it's reported, which WhatsApp had to consider.
This afternoon Facebook announced that they’d be acquiring the whole of the app ecosystem called WhatsApp for a cool $19 billion USD. This purchase price includes $4 billion in cash, Facebook shares worth $12 billion, and a cool $3 billion in restricted stock units (RSUs) that will go to both WhatsApp’s founders and employees - these stock units will vest over four years once this deal is closed. Meanwhile YouTube personality Marques Brownlee made note of a very interesting realization soon after the Facebook announcement was made - NASA’s entire budget for 2014 is less than $18 billion.