FTC's Look Into Facebook A 'Negative Development,' Says RBC's Mahaney [Yahoo! Finance News]
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Source: Yahoo! Finance News
The Federal Trade Commission potential move to block Facebook, Inc. FB Mark Mahaney Facebook Breakup Unlikely, Analyst Says The logic behind the move is to monetize the WhatsApp messaging platform which Facebook acquired for $19 billion in early 2014 and which generates zero revenue to this day, Mahaney said on CNBC's "Squawk Box" Friday. The FTC's investigation could lead to a forced breakup of Facebook into different companies, the analyst said, adding that the general sentiment among analysts is that the likelihood of a breakup is "slim." Similarly, the chances of Facebook being forced to unwind acquisitions it made years ago is just as "slim," he said. Facebook is unlikely to voluntarily spin its assets into new companies, as the apps generate a "fair amount" of synergies, Mahaney said. The Read-Through From The FTC Investigation The broader takeaway from the FTC's investigation into Facebook is that the regulatory body could do the same with other tech giants, the RBC analyst sa
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