Facebook CEO Zuckerberg (Suckerberg?) paid an incredible $22bn for WhatsApp. Now it is time to report on how that investment is doing and we see that it is a ridiculous joke which actually makes dot bomb con men blush. I'm just laughing my ass off here. The company had a measly $16 million in revenues! Price? $22 billion. Revs? 16 Million. P/S for that acquisition = one billion, three hundred seventy five million. And change.
HA HA HA HA HA HA HA HA HA HA HA HA HA HA!
Oh and as a result of all that revenue the acquisition lost 232.5 million. But not to worry folks, it wasn't a "real" loss, about 206.5 million of it was internal thieves gutting the company of many times it actual value. What a joke! FB will have to write off that whole whatsapp purchase before this collapse is over. What an idiot that Suckerberg is! He should change his name to iceberg because FB is looking more and more like the Titanic.
Wednesday, October 29, 2014
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The article above fudges the figures seemingly to imply a profit of $13mil. This would be a P/E ratio of F I F T E E N T H O U S A N D . . . Z U C K E R !
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