It's $4B in cash, $12B in stock, $3B in restricted stock. FB's P/E is 111; normal companies are more like 20, let's pretend that FB is a growth stock and say

It's $4B in cash, $12B in stock, $3B in restricted stock. FB's P/E is 111; normal companies are more like 20, let's pretend that FB is a growth stock and say it should be 30. That means that stock price is overpriced by a factor of 3 (and at least 2). So FB is really only paying $4B + $4B + $1B. And I'm guessing that they are only going to end up actually having to cough up 50% of those restricted stocks, so more like $8.5B. So a little under $20/user. What is the average lifetime value of a WhatsApp user? Seems like $20 is pretty, um, optimistic. But, who knows. People seem to pay for those stupid WeChat stickers, so if WhatsApp has anything like that, it could work. Also, there's the opportunity to become a "platform" and promote games and stuff through the service. That's worked fantastically for KakaoTalk, and WeChat is busy trying to copy it. But I suspect part of it is, what is the lifetime value of a Facebook user? What is the lifetime value of a Facebook user if WhatsApp remains a competitor?