*Very interesting FB-internal fallout from the WhatsApp-deal*
"[From a Quora Answer:] ...He uses a metaphor that compares Facebook and WhatsApp to two hard-working tribes. One day the chief of the larger tribe, which has 6,000 members, announces that it is inviting the smaller tribe, which has only 50 members, to join it–taking 10% of the larger tribe's resources in return for its permanent alliance.
The dwellings that the new tribe members can afford after the deal are much nicer than anyone from the larger tribe (except a few leaders) will ever be able build even after a lifetime of work. He says that the members of the large tribe go through four phases of feeling. "
Also compare: businessinsider.com/larry-summers-on-whatsapp-2014-2
"...[Summers speech at NABE:] "Ponder for example that the leading technological companies of this age, I think for example of Apple and Google, find themselves swimming in cash and facing the challenge of what to do with a very large cash hoard. Ponder the fact that WhatsApp has a greater market value than Sony with next to no capital investment required to achieve it.
Ponder the fact that it used to require tens of millions of dollars to start a significant new venture. Significant new ventures today are seeded with hundreds of thousands of dollars in the information technology era. All of this means reduced demand for investment with consequences for the flow of - with consequences for equilibrium levels of interest rates."
(serious strategy musings beyond the tech angle at the outset)
And this: "The Agenda Behind Mark Zuckerberg's Secret Dinner With Terrified Wireless Execs In Barcelona"plus.google.com/+alexschleber/posts/XRgGMdvEuoh
/cc +Eli Fennell +David Wood +Rennie Allen +Gunther Sonnenfeld +Alexander Becker