Facebook to take break from major deals after WhatsApp - CEO
BARCELONA Feb 24 (Reuters) - Facebook founder Mark Zuckerberg said the social network would take a pause from major acquisitions after spending $16 billion to buy messaging service WhatsApp.
Zuckerberg was asked at Mobile World Congress in Barcelona by an audience member whether Facebook would make a bid for Snapchat, another free messaging service popular among teens.
"No," he shot back, before adding: "Once you aquire a company for $16 billion, you are probably done for a while."
- More troops deployed in Ferguson to guard against fresh riots |
- Merkel hits diplomatic dead-end with Putin
- Ukraine reports new arrivals of Russian supplies for eastern rebels |
- Jewish-nation bill frays Israel's delicate social fabric
- Gunshots echo as violence returns to Ferguson, protests across U.S.