Glen Allmendinger, President of Harbor Research, was quoted by the New York Times, regarding the impacts of the WhatsApp acquisition by Facebook and how it will set a new bar with regards to investments and acquisitions of tech start ups.
“It doesn’t matter how you look at this number, it’s an outrageous amount of money,” said Glen Allmendinger, president of Harbor Research, an Internet strategic consulting and research firm.
Still, Mr. Allmendinger said he did not think the deal would pop the tech bubble. To the contrary: It will affect what other tech companies will be willing to sell for in the future. “This sets a new bar for other start-ups,” he said.
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