Jim Cramer: The Kids Know WhatsApp
NEW YORK (Real Money) -- Just ask the kids. I asked five kids Thursday while on my vacation about WhatsApp. They all said the same thing: It's the way to text when you are overseas. They were all proud WhatsApp users. They all told their parents how much money they were saving. They were thrilled that Facebook
Then I thought about this company as an initial public offering and the reach and excitement it would create. I thought about the eyeballs internationally, thought about the potential to be a disruptive technology company for phone companies worldwide, thought about how it is still one more technology that is social, mobile, cloud and connective.
I realized, right then and there, that Facebook wanted to get on the right page of IPO history, the page that asks when WhatsApp opens on that first day of trading at a $30 billion market cap why Facebook, Google
But let's give the naysayers their due. First, "I never even heard of it" was all over the place. I was one. Of course, I could have been using this service instead of paying a carrier a lot of money, so the "never even heard of it" reason is about as stupid as it gets when you think about it. Once you did hear of it you then said, "I wish I had used it."
Second objection: It has few employees and doesn't have huge revenue. That's the same as when Gilead