Tag: WhatsApp

WhatsApp could be BANNED in the UK if ‘Snooper’s Charter’ legislation passes

Staff Writer

The popular messaging service WhatsApp could be BANNED in the United Kingdom if the controversial ‘Snooper’s Charter’ legislation is passed. The online messaging services like WhatsApp, iMessage and Snapchat encrypt the communication between users, they fall under the cross hairs of the bill. Prime Minister David Cameron is pressing ahead with new legislation that plans to stop people from sending any form of encrypted messages. “In our country, do we want to allow a means of communication between people which we cannot read?” said Prime Minister Cameron earlier this year. “My answer to…

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Facebook’s shot at WhatsApp data gets both companies an FTC complaint

Staff Writer

The Electronic Privacy Information Center and the Center for Digital Democracy have filed a complaint with the Federal Trade Commission against Facebook’s $16 billion acquisition of WhatsApp based on privacy concerns, according to a document released Thursday. EPIC and CDD’s problems with the acquisition center around the fact that WhatsApp staked its reputation on—that it’s a company keeping a reasonable distance from its customers’ data. Now that it will fall under the aegis of Facebook, its users stand to lose those privacy guarantees, even though WhatsApp told its users nothing…

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Facebook-WhatsApp Deal Haunted by Past Web Merger Flops

Staff Writer

Facebook Inc. (FB) investors who pushed the company’s shares to a record after it unveiled the $19 billion deal for WhatsApp Inc. would be well served to remember — every Internet takeover of more than $10 billion has flopped. Last week’s proposed purchase would be the biggest Web acquisition in more than a decade and only the fifth ever to top that threshold, according to data compiled by Bloomberg. That puts it in the same category as AOL’s merger with Time Warner and Terra Network SA’s takeover of Lycos, which…

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How Facebook will have to radically transform itself in order to justify buying WhatsApp

Staff Writer

There has been endless high-quality discussion about why Facebook was willing to pay more than what half of the S&P 500 companies are worth for WhatsApp. My biased distillation of the consensus is, basically, Facebook wanted to keep WhatsApp out of the clutches of Google, and the sale was in stock at a time when Facebook’s share price is at an all-time high, so Facebook didn’t have much to lose. Or you might choose to believe Facebook’s stated reason, which is that WhatsApp could go to a billion users and that, with the…

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Facebook to Pay $19 Billion for WhatsApp

Staff Writer

Messaging Startup to Operate Independently, Retain Brand, Facebook’s $19 billion purchase of the WhatsApp mobile messaging service ranks as the largest-ever purchase of a company backed by venture capital. Facebook Inc. FB +1.13% agreed to buy messaging company WhatsApp for $19 billion in cash and stock, a blockbuster transaction that dwarfs the already sky-high prices that other startups have been able to recently command. The 55-employee company, which acts as a kind of replacement for text messaging, has seen its use more than double in the past nine months to…

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Japan e-commerce giant to buy Viber for $900-M

Staff Writer

TOKYO – Japanese e-commerce giant Rakuten Inc, controlled by billionaire Hiroshi Mikitani, will buy call and messaging app provider Viber Media Inc for $900 million in a deal that would more than double the number of users in its digital empire. Rakuten offers services from financing to shopping to online video on its e-commerce platform, the largest in Japan. But in the face of a shrinking population and weak consumer spending at home, Mikitani is trying to re-invent Rakuten as a one-stop-site for a global audience. Privately held Viber, run…

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