Cameron and Tyler Winklevoss, who famously accused Facebook Inc founder Mark Zuckerberg of stealing their idea, said they used bitcoins to buy tickets for a high-altitude voyage on billionaire Richard Branson's Virgin Galactic commercial spaceflight venture.» Read More
David Nelson, Belpointe Asset, sold all Facebook shares following its acquisition of WhatsApp. Ronald Josey, JMP Securities, makes the case for the deal's profitability.
SAN FRANCISCO, Feb 20- Shortly after moving to Silicon Valley in 2004, the young Facebook founder Mark Zuckerberg pulled a prank on Sequoia Capital by making an investment pitch in his pajamas. The discussion never got serious and Sequoia never invested in Facebook.
But this week, Facebook CEO Mark Zuckerberg spent a staggering $19 billion to buy WhatsApp, the contender with perhaps the simplest functionality and negligible revenue.
SAN FRANCISCO, Feb 20- Shortly after moving to Silicon Valley in 2004, the young Facebook founder Mark Zuckerberg pulled a prank on Sequoia Capital by making an investment pitch in his pajamas. The discussion never got serious, and Sequoia never invested in Facebook.
Feb 20- Facebook Inc's purchase of fast-growing messaging startup WhatsApp for an eye-popping $19 billion largely won approval from analysts, who said the deal made strategic sense as it will solidify the social network's position as a leader in mobile.
That's true, at least if you accept his logic, which lays great emphasis on the sheer scale of users of mobile messaging company WhatsApp, which Facebook is buying for an astounding $19 billion. Zuckerberg's Facebook update about the deal only mentioned two numbers: WhatsApp's current 450 million active users and the aspirational one billion.
"Shark Tank's" Kevin O'Leary raises concerns for Facebook's deal with WhatsApp for $16 billion. Mark Zuckerberg decided the stock is way overvalued, adds O'Leary.
Facebook's acquisition of WhatsApp will make some unknown investors very wealthy, CNBC's Josh Lipton reports.
Discussing the high price of Facebook's purchase of WhatsApp and what it means Google and Apple, with Amir Efrati, reporter for The Information; Lou Kerner, Social Internet Fund founder & managing partner; and CNBC's Julia Boorstin.
Facebook takes a big step toward mobile with its acquisition of WhatsApp, a start-up with a working business model.
When it comes to the most influential in tech, you might jump to Jobs and Gates. But here the names you really need to know, these pros say.
Determining who belongs on CNBC's list of business influencers has led to spirited debates. How about Mark Zuckerberg or Jack Dorsey?
CNBC's Julia Boorstin and Carl Quintanilla take a look at two social media visionaries, Facebook's Mark Zuckerberg and Twitter's Jack Dorsey.
Feb 20- Facebook Inc's purchase of fast-growing mobile-messaging startup WhatsApp for $19 billion stunned the markets but analysts said the deal made strategic sense as it will solidify the social network's position as a leader in mobile. Facebook shares fell as much as 3 percent in early trading, erasing $5.2 billion from the company's market value.
Chris Baggini, senior portfolio manager at Turner Titan Fund, and Youssef Squali, Cantor Fitzgerald's global head of Internet and media research, analyze the Facebook-WhatsApp deal.
BuzzFeed President and COO Jon Steinberg discusses how Facebook's purchase of the messaging service will affect Twitter.
"We've been obsessed about this company," says Buzzfeed President and COO Jon Steinberg.
Facebook is buying WhatsApp for $16 billion. CNBC's Julia Boorstin breaks down the user growth and engagement data of the messaging service.
Mark Mahaney, RBC Capital Markets, shares his thoughts on Facebook's $16 billion deal to acquire the messaging startup and what it signals about the company's future focus. What Facebook has done is essentially doubled its utility value, Mahaney says.
This really gives Facebook a tremendous share of time spent on mobile devices, says Rich Greenfield, BTIG analyst, sharing his thoughts on whether Facebook's $16 billion bet will pay off.