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It Pays To Disparage Facebook's Business Model

wochit technology
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March 10, 2014 AT 4:51 AM
Why would Mark Zuckerberg, the most successful U.S. entrepreneur of his generation, give away 8 percent of his company and $4 billion in cash to two former Yahoos who have little but disdain for Facebook's business model? Because among young people in the developed world, Facebook's growth is slowing while texting has become the primary mode of communication. Acquiring WhatsApp, a startup based in Mountain View, Calif.