Epic Research Singapore : Facebook News Update

Investors and pundits from Wall Street to Silicon Valley were stunned on Wednesday afternoon after Facebook said it was paying a total of $16 billion in combined cash and stock for WhatsApp, an Internet-based mobile texting app that circumvents the SMS messaging services operated by the telcos and has more than 450 million users around the world.
Facebook FB -2.69% investors initially were not pleased at the staggering valuation the social media giant is paying for the Mountain View, Calif.-based company, which basically values each WhatsApp user at about $42 a customer. The deal also includes an additional $3 billion in restricted stock for the company’s employees, bringing the total value to as much as $19 billion. After first tumbling more than 5%, Facebook’s  shares recovered slightly and were off about 3% in after-hours trading.
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