Why does Facebook need a drone company?
— By Kirsten Korosec on March 4, 2014, 7:16 AM PST
Dunno about anyone in Africa, but my WiFi range struggles at 30m, never mind 65,000 feet. How are they planning on deploying the scalable, affordable, reliable wireless access to internet ready devices on the ground?
If you're a small company that manufactures physical stuff, you're worth a piddling $60 million to Facebook. But if you're a tiny software company that makes nothing that anyone can touch, you're worth 317 times more, as Facebook's $19 billion acquisition of "chat app" company WhatsApp shows http://www.smartplanet.com/blog/bulletin/how-do-55-people-share-19-billion/. Maybe Titan should hold out for just a little bit more. After all, it sounds like they'll help Zuckerberg & Co. leverage WhatsApp and everything else in the Facebook stable. Or perhaps the lesson here is: For those who would be rich, don't get any dirt under your fingernails. It's such a 20th century approach. Trade in bytes. They're so antiseptic.
@markhalper Problem is that, there are now, and will be, many drone makers in many different countries. Somebody at Titan wanted to cash out while the competition is still in the nascent stage. I've seen a few drones already around my area, which means that, it will be just a matter of time before they become as prevalent as cell service towers, perhaps more, because, they'll be cheaper; those towers are everywhere I look. A site such as WhatsApp is not an everyday occurrence, and when it's already got a huge following, then, it's worth a lot more than a Titan "only" has technology which will be as pervasive as semi-trucks on the road.
@markhalper Good point, I was thinking these were expensive toys for Zuckerberg to play with in Africa.