Yahoo! Finance Host on Facebook Purchasing WhatsApp: 'It's a Brilliant Deal'
Wall Street sees sense in Facebook's $19 billion WhatsApp purchase (Reuters)
Facebook Inc's purchase of fast-growing mobile-messaging startup WhatsApp for $19 billion stunned the markets but analysts said the deal made strategic sense as it will solidify the social network's position as a leader in mobile.
Facebook shares were down 3.1 percent before the bell on Thursday, representing a loss of about $5.4 billion in market value.
At least two brokerages downgraded their recommendations on Facebook to "hold" but the overwhelming majority of analysts remain positive on the stock.