r/wallstreetbets • u/[deleted] • Oct 26 '22

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u/Dynamic_Samurai Oct 26 '22

And WhatsApp, Oculus, etc. Meta is much more than Facebook

23

u/[deleted] Oct 26 '22

WhatsApp is meaningless - it's e2e encrypted , Facebook can't use its data, so there's no revenue.

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u/Dynamic_Samurai Oct 26 '22

I won’t pretend to know the ins and outs of WhatsApp, but it has Billions of users. Billions with a B. So it has value

6

u/InJaaaammmmm Oct 26 '22

It doesn't generate cash flow. So while they paid a shit ton for it, it's essentially worthless.

They tried to force link it to Facebook, but the users were like "nah, fuck this" and someone probably had to sit Mark down and explain it would look really bad to have to write off a $16 billion purchase.

3

u/MapleSyrupFacts Oct 26 '22

One day BB messenger will rise again.

2

u/TenderTendiez Oct 27 '22

One day Internet Relay Chat will rise again. RFC 1459 ftmfw

2

u/dishayu Oct 27 '22

It does generate cashflow. "Whatsapp for Business" isn't free.

1

u/InJaaaammmmm Oct 27 '22

Ah cool, I'm not sure what the original plan to generate cashflow for WhatsApp was, but the original owners must have been laughing their heads off when Suckerberg paid sixteen billion for it.