Goin' To The (Frozen) Lake: Schedule | Pics | Videos | RECAPS: Mora (Day 1), Fergus Falls (Day 1, Day 2)

Henry Blodget

Good Question: Why Is WhatsApp Worth $19 Billion? On Wednesday, Facebook announced it would buy WhatsApp, a free texting, picture-sending application popular in India, Latin American and Europe, for $19 billion. WhatsApp was created in 2009 and now reportedly has 52 employees. It brings in some revenue from a nominal $1 charge for some of its 450 million customers.

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