Google Exec Implies Facebook Was Nuts To Pay $16 Billion For WhatsApp
That executive is Nikesh Arora, Google's Chief Business Officer, and he made his feelings known during a Morgan Stanley technology conference when an analyst asked him about generating revenue from mobile messaging apps, which he pointed out are especially popular in Asia.
Image Source: Flickr (Sam Azgor)
"$500 million per employee? Is that a good use of our money? Are you recommending we buy some Asian messaging service?," Arora responded, according to The Wall Street Journal.
Arora's math is a little off, though Facebook's acquisition still breaks down to around $345 million per each of WhatsApp's 55 employees. Google might be a little scorned that it lost out. It's been reported that WhatsApp rejected a $10 billion from Google, and if that's true, then Google was essentially offering more than $181 million per employee.