CGD in the News

Want Bang for Your Buck? Support the UN (Bloomberg Businessweek)

February 24, 2014

From the article:

Last week, Facebook purchased mobile messaging company WhatsApp for $19 billion. One way to put that in perspective is to note that it's a little more than what the World Bank doles out annually in market-rate loans. Another way to think about it, however, is that $19 billion is only a little more than one-tenth of Facebook's market cap. So perhaps what the comparison best illustrates isn't the enormity of the WhatsApp deal but the tiny financial scale of the World Bank.

Read it here