WhatsApp jumping into Internet phone biz
— By Kirsten Korosec on February 24, 2014, 9:18 AM PST
I have been using Viber for the past 2 years, ever since I bought my first Android phone. I use it on the desktop. smartphone and wifi only tablet. It has been totally free. It allows all kinds of communication. So whats the big deal with whatsapp?
"Free" text messages, and free phone calls...
Eventually, those "free" services will have to total more than the $16 billion that the shareholders of Facebook paid for the web service. Divide 16 billion by zero, and we get the shareholders of Facebook taking an eternal bath in zeroes. Even if they incorporate advertising into the service, it will be many years, if ever, before the price to purchase the site is paid off. But then, it still won't show a profit, which might never be coming, since, it's very likely that other players, including Google and Microsoft (which is already in the business of broadband video and messaging and interned phone calls) and others, will create more competing services that will do what WhatsApp does.
Facebook shareholders should be asking Zuckerberg, "whats up with that?", and then demand their money back.