Finance : FTC's Look Into Facebook A 'Negative Development,' Says RBC's Mahaney

Facebook is seeking to combine WhatsApp, Instagram, Messenger and Facebook so that users can send messages from one app to another. The logic behind the move is to monetize the WhatsApp messaging platform which Facebook acquired for $19 billion in early 2014 and which generates zero revenue to this day, Mahaney said on CNBC's "Squawk Box" Friday.

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December 13, 2019 at 10:17PM