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News Link • Technology: Software

Eric Schmidt Was Just Asked If Google Bid $10 Billion For WhatsApp — Here's His Response

• Business Insider

Schmidt was asked about Google's interest in the messaging app Facebook acquired for $19 billion, WhatsApp.

First, Schmidt said the acquisition price was low — if Facebook can figure out how to monetize WhatsApp's 460 million active users.

"People have been talking about a bubble in technology for years," Schmidt said. "The price was low if they make gazillions of dollars off of the customers they're getting…The price is too high if they can't monetize."

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