Meta Platforms Inc (META)

[vincen71]

Facebook rallies: Needham bullish, Zuck talks, WhatsApp to offer VoIP
01:35 PM ET · FB

Less than a week after selling off on news of a certain high-profile acquisition, Facebook (FB +4.1%) has shot above $71 for the first time. Helping its cause: Needham's Laura Martin has upped her PT to $80 from $65, while arguing the WhatsApp deal isn't as expensive as it might first seem.
Though Facebook agree to pay $45 per WhatsApp MAU, Martin thinks that figure will drop to $23/MAU within a year, given WhatsApp's growth trajectory. She also notes Facebook ($140/MAU) and Twitter ($180/MAU) have much higher per-MAU valuations (ed: unlike WhatsApp, both platforms are also monetized via ads rather than subscriptions), and that WhatsApp averages 14 sessions/user in some markets.