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Is WhatsApp really worth $19 billion?

Name: Is WhatsApp really worth $19 billion?
Uploaded: 2014-02-20T18:50:00-0500
Duration: 2 min 22 s
Description: Facebook stock rose over two percent the day after it announced it is buying "WhatsApp" for $19 billion. CBS News business analyst Jill Schlesinger explains why companies like Facebook are spending billions of dollars on apps.

Facebook stock rose over two percent the day after it announced it is buying "WhatsApp" for $19 billion. CBS News business analyst Jill Schlesinger explains why companies like Facebook are spending billions of dollars on apps.