February 24, 2014
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.