The irrational rationality behind Facebook’s $16 billion acquisition of WhatsApp

Originally posted on Gigaom:
Another day and another acquisition — and another one that is jaw dropping and seemingly insane. Less than a week after Japan’s Rakuten acquired Viber for $900 million, Facebook co-founder and chief executive Mark Zuckerberg announced that he is buying WhatsApp for a whopping $16 billion in cash and stock. Add…

Is globalization really serving the purpose?

Globalisation is a broad term but it basically means two things; increased trade links and increased financial flows across borders. When globalisation started in the 1980s, the expectation was that capital would flow from rich countries to poor but efficient countries, that domestic investments will be financed less and less by domestic savings, that investors … More Is globalization really serving the purpose?