Congratulation Mr. Zuckerberg on your acquisition of Whatsapp. Close to 90% of social media traffic now goes through your "government" backed company (FB, Instagram, Whatsapp,etc) , you are an evil genius. Anyway that 's beside the point. BBRY was up close to 9 % after hours. why ? well it seem messaging apps like whatsapp are actually valuable to a company.
Whatsapp has 450 million users , and based on FB valuation, this translate to approx. $43/ user. BBRY has 80 millions active users on BBM. However Wall St analyst put the valuation at about 3/user. Were they wrong ? Well based on the price action after hours , maybe they were. This should be very interesting for BBRY. Expect a lot of action on this stock this year.
Cheers
Algo
Comments
metalhe4der
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Hmm..I understand the point you're making, but wouldn't it be overestimating BBM's potential solely on comparison of WhatsApp (a firm, focused and built on messaging) vs BBRY (firm with hardware/software assets)?
Plus, last I remember, BBRY was looking to drop BBM as a revenue source or something of the like (correct me if I'm wrong, haven't dug into BBRY since BB10 launch).
Algokid
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Good Point . I'm saying that BBM valuation should be as high as Whatsapp, just pointing that BBM maybe more worth more than $240 millions . I don't read much on BBRY either , but if you are right about BBRY getting rid of BBM ,they could ask for more money now.
Plus, last I remember, BBRY was looking to drop BBM as a revenue source or something of the like (correct me if I'm wrong, haven't dug into BBRY since BB10 launch).