Is Facebook (FB) going to remake the telecom industry
Is Facebook (FB) going to remake the telecom industry? Zuckerberg and Facebook recently made a huge splash with the $19 billion acquisition of messaging service WhatsApp. Users of the enormously popular service can essentially text anyone, anywhere for free (after one year free, it costs a paltry 99 cents per year). Now, WhatsApp has announced it will be adding voice calls to its service. Free voice and texting? No wonder Facebook was so keen on paying up for the company. If telecom companies were worried about losing out on texting fees, now they must be seriously concerned. While data plans are still going to be an important revenue generator for telecoms, it can't be denied that losing potential fees from voice and text usage is going to hurt. Also, there's no truth to rumors that Facebook plans to take over the world. (VIEW LINK)
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
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