Meh. That's only because that market is irrational and many SW companies are massively overhyped and overvalued. You can't possibly tell me with a straight face that WhatsApp is worth the 19 billion Facebook spent on it especially given WhatsApp is not making any money.
Also, Meta surely gleans tons of data from WhatsApp that they can use to better sell advertisements, even on other Meta properties.
https://scontent-iad3-1.xx.fbcdn.net/v/t39.8562-6/454446299_...
Given Meta’s net income trajectory and the very, very widespread usage of WhatsApp, it should be safe to assume that WhatsApp is a valuable asset. If not explicitly making money, at the least it is not in a competitor’s hands, which itself is surely worth billions of dollars to Meta.
https://www.macrotrends.net/stocks/charts/META/meta-platform...
The customer base capture along with acquiring the best social graph available (people usually only message through cellphones to other people who they are truly connected, unlike the social media) was well worth 19B.
What use spending big on buying a large userbase if you don't monetize it?
I see a lot of trivial possibilities to monetize 2B+ users. You can either act on those possibilities now, or rely on the valuation to sell the company on. Sooner or later, someone will monetize, and that's what's important.
Right now in my "updates" tab i am proposed stuff like Real Madrid C.F (a while ago it was another team), WhatsApp itself, Juventus and Arsenal.
They're dumb as well, because I have no interest in football.
That's spam advertising, they're most definitely getting money out of that.