Facebook announced in its Form 10-Q filing with the Securities and Exchange Commission last week that it was extending its deadline to close its acquisition of messaging service WhatsApp by one year, to Aug. 19, 2015.
Facebook Co-Founder and CEO Mark Zuckerberg said during the company’s second-quarter earnings call Wednesday that when it comes to payments, the social network considers itself a partner to existing players, and not a competitor.
Officials from the European Union’s central competition authority, the European Commission, sent detailed questionnaires to rival online messaging companies as part of the EC’s pending investigation of Facebook’s $19 billion deal to acquire WhatsApp, which was initially announced in February.
Reports of the demise of Facebook’s teen user base have been greatly exaggerated, at least according to Forrester Research, which reported that the social network performed quite favorably in its recent survey of 4,517 U.S. online users between the ages of 12 and 17.
Facebook Vice President for Europe, the Middle East, and Africa Nicola Mendelsohn discussed the company’s recent acquisitions of mobile messaging platform WhatsApp and immersive virtual reality technology company Oculus VR at the Fortune Most Powerful Women International conference in London.
As soon as the ink dried on Facebook’s acquisition of messaging application WhatsApp, industry leaders questioned whether the social network overpaid with its $19 billion buy. So why did Facebook do it? WhatsApp Co-Founder Brian Acton discussed how the company can help Facebook in the future at an event in Palo Alto, Calif., Wednesday night, hosted by Stanford University-spawned startup incubator StartX.
Confusion reigns in Iran, as AP reported that Shiraz Chief Prosecutor Ali Alghasimehr told official news agency IRNA that a report Tuesday by “semiofficial” news agency ISNA that Facebook Co-Founder and CEO Mark Zuckerberg was ordered to appear in court over alleged privacy violations by Facebook-owned applications WhatsApp and Instagram was untrue.
Hoping to avoid dealing with antitrust investigations by several countries in the European Union regarding its $19 billion acquisition of cross-platform messaging application WhatsApp, Facebook requested that the EU’s central antitrust authority, the European Commission, conduct a review of the transaction, The Wall Street Journal reported.