Just shows where humanity’s overall priorities are, funny enough.
Just for comparison, $19 billion is what the first operational fusion power reactor is budgeted to cost. Instead of Whatsapp, the world could have fusion power. Tell me that makes sense.
I'm sure if HN could combine savings from annual budget the $5 lattes and $2,000+ annual refreshes of the Shinybook Pro, we'd be halfway there. But hey, maybe the value provided in an affordable SMS replacement to a billion people isn't all that, right? It's just a replaceable app, why don't they get iPhones and use iMessage. /s
HN can be hilariously condescending - "I don't use this, it doesn't impact me, I don't understand it - therefore it can't be worth much".
> Tell me that makes sense.
WhatsApp provides massive value to its users, especially when they supported feature phones. What's the human value of a poor rural farmer sending a message to their child in the next city over "Your mom isn't feeling well, please send money for a clinic visit"? I bet it is more than the $1/year WhatsApp originally charged. Communication is a force-multiplier - someone smarter than me has probably already calculated the value WhatsApp has added to the world by merely existing.
I'm not a Facebook fan- I hate that Facebook changed the monetization model and are dropping WhatsApp support for feature phones in pursuit of features. However, Facebook paid $19 billion because WhatsApp was potentially an existential threat to Fb. Why don't you and a small team develop a fusion reactor and see how much GE/Saudi Aramco will pay - I bet it would be north of $19 billion.
First it starts by claiming that I don't understand, use, or appreciate messaging in general. This is of course without any background or support, and is simply an ad hominem. I have a more extensive background in messaging than most people in tech. There is no condescension in making a value judgement of yet another messaging application vs a fundamental energy source technology.
Next you make some statements in support of value for WA. Regardless of the value of messaging in general, WA is is simply yet another app in a very crowded market. Its purchase was clearly anti-competitive, rather than innovative, and as such can not be justified based on function.
Last you hurl some weird non-sequitur that implies my judgement is incorrect because I'm not a fusion researcher/implementor working on disrupting the world energy market, combined with some kind of conspiracy theory about Saudi Aramco? That's just plain specious. One can clearly judge the value of working fusion energy without being a physicist.
So please, re-read the posting guidelines and reconsider how you address others and their arguments. Thank you.
This is the root of our disconnect - I strongly disagree with your assertion that WhatsApp was merely "yet another messaging application". If it were, why aren't Slack and the rest of them being snapped up for $19 billion?
You have an extensive background in messaging tech - I have a more extensive background than most in the 3rd world. I witnessed the phenomenon that was WhatsApp firsthand. What other messenger supported feature phones (think Nokia S40 and S60)? This probably doesn't matter in your world, and probably gives you a blindspot that causes you to not see the value that is readily apparent to me.
Our disconnect may boil down to this: in my view, WhatsApp's features are, in hindsight, obvious, simple, and easy to implement by any competitor. The advantage (and value) in WA is in the already grown network, the familiar marketplace network effect growing out of that.
Facebook acquired WA for the network of users, not the messaging features. It could easily and more cheaply have fielded an identical app with the same or superior features. It didn't, though, because it wanted to not leave a competitor in the marketplace.
Thus the judgement that it was $19B of mis-allocated capital from a larger viewpoint. We apparently disagree on this point.
On the other hand, working fusion power technology would be hugely consequential for most of the human race, especially in places like Africa that are so energy-needy at this point in their development.
> Thus the judgement that it was $19B of mis-allocated capital from a larger viewpoint. We apparently disagree on this point.
I almost agree, only I believe there's more nuance to this. Fb was never going to invest $19B in fusion power, so to say it was mis-allocated feels wrong. The only reason it spent so much was that WhatsApp was a potential existential threat to Fb. This was the point I was attempting to put across, abeit poorly - that a scrappy company that manages to achieve fusion would be an existential threat to energy companies and would be worth billions for that reason alone.
Has Pinterest even reached product/market fit?
You could even set a custom search engine keyword that searches Google Images with the above included automatically.
Sure reality is more nuanced than that, but it's a fun comparison to make.