Jack Kent

Facebook (NASDAQ: FB) spent a colossal amount of money to acquire WhatsApp, a mobile messaging app. The deal -- which includes $4 billion in cash and $12 billion in Facebook stock -- greatly exceeds the $1 billion price tag associated with Instagram. It also exceeds the $3 billion offer to...

Instagram, the social media, photo-sharing network purchased last year by Facebook (NASDAQ: FB) for $1 billion, has unveiled a new app – that allows Instagram's 150 million users to send pictures, videos and written messages to a select group of people. With the new Instagram Direct feature,...