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FACEBOOK ACQUISITION
Mark Zuckerberg and wife Priscilla Chan pay $57 million for 16,000-square-foot Gothic-style Strancally Castle in Ireland’s County WaterfordMark Zuckerberg and Priscilla Chan recently acquired Strancally Castle in County Waterford for over €51 million. This purchase is the highe...- In 1992, Jan Koum's family relied on food stamps; 22 years later, Facebook agreed to buy WhatsApp, which he co-founded, for $19 billionJan Koum grew up in Ukraine and had limited access to technology. He also reportedly had concerns about government surveillance. According ...
- Before selling WhatsApp for $19 billion, co-founder Jan Koum once relied on food stamps to feed his family. Years later, he signed the deal in the same office where he collected themJan Koum moved to the US with his mother when he was 16, and his family relied on food stamps and government assistance to survive. Years l...
- Meet Brian Acton, WhatsApp co-founder who was rejected for job by Facebook in 2009, tech giant later acquired messaging app for up to $19 billionActon never gave up and moved forward despite rejections during his career. No one knew that a rejection will soon become the reason behind...
- Tech companies tap debt, equity to fund AI and cloud expansionMajor tech giants like Alphabet and Amazon are gearing up for significant debt offerings aimed at bolstering their AI capabilities. Meanwhi...
- Sequoia put $60 million into WhatsApp before its boom. Years later, Facebook agreed to buy the messaging app for $19 billionSequoia Capital invested approximately $60 million in WhatsApp through multiple funding rounds. Facebook later acquired WhatsApp for $19 bi...
- US Market: Meta shares rebound as Muse AI agent fuels revenue hopesMeta shares have rebounded as investor optimism grows around Muse, its AI agent aimed at creating revenue beyond advertising. The company f...
- News Corp bought Myspace for $580 million in 2005. In 2011, Specific Media and Justin Timberlake acquired it for about $35 millionMyspace helped popularize personalized online profiles, artist promotion and social networking at a crucial stage in the development of the...
- UpGrad completes Unacademy acquisition; Ultrahuman’s $60 million raiseUpGrad has completed its acquisition of Unacademy, marking the close of a major consolidation in India’s edtech sector. This and more in to...
- Shiprocket’s stellar D-Street debut; KKR buys BookMyShow stakeShiprocket shares zoomed in a bumper public market debut on Wednesday. This and more in today’s ETtech Top 5.
- Presenting the jury for The Economic Times Startup Awards 2026Meet the high-powered jury that will pick the winners of the ET Startup Awards 2026.
- Reddit flags volatile search referrals as US user growth slowsThe social media company operates in a highly competitive market. Bigger rival Meta through its Threads communities hub and new Forum app f...
- What if Mark Zuckerberg had not bought Instagram & WhatsApp?No one knew how these deals would turn out. But hindsight, it seems, is 20/20. On Monday, the government argued in a landmark antitrust tri...
- Meta's corporate development head to step down after 12 yearsMeta's top executive Amin Zoufonoun, who led Facebook's acquisitions of Instagram, WhatsApp, and Oculus, has confirmed that he is leaving t...
- Former WhatsApp CBO Neeraj Arora opens up on historic Facebook acquisition, says nobody knew it would turn into 'Frankenstein devouring user data'Neeraj Arora took to LinkedIn to share a lengthy post expressing regret over the deal.
- Britain directs Facebook parent Meta to sell GIF maker GiphyThe Competition and Markers Authority (CMA) said the decision was in line with provisional findings that Facebook's acquisition of Giphy wo...
- US fires back at Facebook's move to kill monopoly lawsuitThe Federal Trade Commission urged the judge handling the agency’s antitrust lawsuit against Facebook to reject the social-media company’s ...
- Privacy groups ask US Federal Trade Commission to halt Facebook-WhatsApp dealPrivacy groups have approached US FTC to put on hold FB's $19 bn acquisition of WhatsApp, investigate how the co plans to use subscriber da...
- Facebook's acquisition of WhatsApp: Lessons for Indian startupsThe WhatsApp acquisition proves that building a great product that solves a perceptible problem and in a frugal manner continues to earn ri...
- Facebook acquires Bangalore based Little Eye LabsFacebook's first Indian acquisition is an obvious indicator of its mobile ambitions, which have been on the strategy tables since 2013.
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