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"Business model wise think with 1bn users an annual $1 fee would have been fine for WhatsApp." If you've worked in the mobile app business you might get that t
by sonnyblarney 8y ago
"Business model wise think with 1bn users an annual $1 fee would have been fine for WhatsApp."
If you've worked in the mobile app business you might get that this could mean almost 0 in revenues.
People. Don't. Pay. For. Stuff.
Moreover, WhatsApp is huge in places like S. America where people don't have credit cards, or for whom $1 is even too much.
"He also turned down hundreds of millions of dollars"
He took $17 Billion and is now publicly complaining that what FB is doing is immoral. He doesn't seem to have a problem taking money from that immoral business model.
- ameister14 8y ago>If you've worked in the mobile app business you might get that this could mean almost 0 in revenues. It could, but it didn't. It meant revenues in the tens of millions.
- sonnyblarney 8y agoYes, that's about right. Not much of a company, relative to the $17B he raked in because of their ad-value to FB.
- ameister14 8y agoDepends on how you define a company, I suppose. If it is profitable and has hundreds of millions of customers, that's a pretty significant company to me. As an alternative example, broadcast.com was sold for 5.7 billion. I'd take continued success, hundreds of millions of happy users and a good purpose over broadcast.com.
- SmellyGeekBoy 8y agoI'd like to see how your company is doing if tens of millions of dollars of almost entirely clear profit is "not much of a company"...