Market reaction to the Facebook-Whatsapp deal is leaving this investment veteran feeling “old and tired” February 21, 2014 The market loved Facebok's $19bn Whatsapp shopping spree – but it's leaving some feeling confused. Bronte Capital's chief investment officer John Hempton writes that while he once held Facebook stock, he is "no longer so in tune with valuation" of the social media giant. The investment guru works for the Australian and USA licensed global fund [...]
Facebook stock hits record high after $19bn deal February 20, 2014 INVESTORS warmed to Facebook’s $19bn (£11.4bn) takeover of mobile messaging app WhatsApp last night as shares touched a record high of $70.11 during trading, valuing the social network at nearly $180bn. Investors’ initial fears that the social network, led by chief executive Mark Zuckerberg, may have overpaid for a chat app that has little revenue [...]