Facebook's buy of WhatsApp: Crazy, desperate money?

Published Thu, Feb 20 20145:32 AM ESTUpdated Thu, Feb 20 20145:59 AM EST

Facebook's staggering $16 billion acquisition of WhatsApp is a sign of sheer "desperation", according to one industry watcher, who argues that the social networking giant has overpaid for the mobile-messaging start-up. Do you agree? Vote in our poll.