I hate the new logo with a passion. Why keep the place icon in the bottom on of the F and have the swirl behind it if the whole point of this was to take check-in's out of the app? It's saying you're doing one thing and then doing the opposite of that thing.
This is really really smart. I'd guess it's a play for a talented team, and a bet that they can become a leader in an industry that will be revolutionary sooner rather than later.
MG Siegler has been writing recently about the "great unbundling" of Facebook and how mobile apps are increasingly good at one thing only: Instagram at sharing Photos, Paper for reading the news, and now WhatsApp + Messenger for communication. It's becoming increasingly true as we see Facebook trying to buy the new dominant players in any space that could be a threat in the areas it holds dear: sharing photos, statuses, or anything else it deems important.
I would have to think that the stock drop is due to the price they're paying for a startup that had $8 million in funding.
That and the way their announcement basically indicated they were happy to leave WhatsApp and its uber-smart and now-uber rich engineering team alone in its own $1/user/year ad-free bubble, on course to break even some time around the point mobile phones become obsolete. It didn't exactly scream we had to pay that much but we've really thought this through
There's that, and there's also the type of investors.
Since retail investors can trade after-hours, we can assume that the people responsible for the drop are either professionals or retail, which allows for irrational selling.
Also, the stock market is a market. So there could be institutional investors shorting bad plays from the individual investors and aggressively selling the stock (since after-hours doesn't have as many traders, it's a good bet to short until market opens tomorrow).
The only factors I personally see to determine Facebook's return on investment/share price are 1. $ per user, 2. potential user growth combining Facebook & WhatsApp, 3. time; which all seem pretty lackluster for the amount paid in the acquisition.
My question is, what next? What other industries and/or markets can and will Wall Street do this to now? This is greed at its finest. Especially the property taxes comment in Ohio.
Next on the agenda is the carve up and sell up public properties and concessions. Every where, every thing must be commoditized for the profit of the few at the cost of the many!
Postal services, education, national parks, government agencies turned "public-private." Water, utilities, roads, policing, emergency services! Rights and freedoms! The sky's the limit my friends!