Mark Zuckerberg,Facebook founder apparently channeling the Alfred E. Neuman school of business management, told , on Thursday that Facebook does not plan to monetize mobile messaging service WhatsApp any time soon. Facebook Inc. chairman a cool $1.6 billion in a single day, putting his new net worth at $33.3 billion
Facebook’s acquisition of WhatsApp closed on Monday at a monstrous final price tag of $22 billion up from $19 billion when the deal was struck after EU regulators granted approval last Friday.
What gives the social networking giant the luxury of putting a $22 billion purchase on the back burner?
Reuters graphic shows, On May 18, 2012 Facebook’s stock price has over doubled since it’s tumultuous $38 IPO . Over the same period, the NASDAQ composite is up an impressive 60 percent, but the same surge in stock price that has pushed Zuckerberg’s net worth to over $34 billion also gives Facebook a valuation of almost $200 billion plenty of financial cushion, and plenty of time to let its non-core properties grow. $200 billion can buy down huge depression.
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