Yes this is exactly what's happening. They are turning into a holding company, this is just even more diversified than WhatsApp. FB's business model cannot just

Yes this is exactly what's happening. They are turning into a holding company, this is just even more diversified than WhatsApp. FB's business model cannot justify the FB stock price, they are effectively using money people thought (wrongly) they were investing in social media and deploying it to better use because they know FB's revenue model is not going to live up to investors expectations long term. I can see the Bloomberg tomorrow stirring up excitement for FB's retail investors so they won't take a hard look at the numbers they actually invested in.