It took just ten days for Facebook to make by far its largest acquisition and quite possibly the most expensive acquisition of a private venture capital-backed company yet.
The social network spent up to $19bn on WhatsApp, the fast-growing chat app, on Wednesday after Mark Zuckerberg met with its founders the Sunday before last.
WhatsApp is a publicity-shy, 50-person outfit based just down the road from Facebook. Unlike many companies in Silicon Valley, which drink up as much funding as possible, it was run leanly on funding of only about $60m, half as much as the much smaller Snapchat. Unlike most internet Continue reading
Following poor customer feedback in the USA, networks in Europe have delayed the launch of the Facebook Phone, the HTC First. The phone is the first to land with the Facebook Home software but there were plans for it to be incorporated into other smartphone handsets later in 2013. There’s no news as to whether the roll out of the software is also being delayed but it’s another blow for HTC who have had a difficult year or two.
Facebook boasted, at the beginning of May, that Home had been downloaded 1 million times and that it led to Facebookers spending 25% more time on the social network. However, reviews of the Continue reading