In an unprecedented move that shocked many in the financial world, social media powerhouse Facebook (FB) has purchased WhatsApp, the popular social messaging app, for an astonishing $19 Billion. Yes, that’s billion with a ‘B;’ the acquisition will cost Facebook an estimated 10% of their outstanding shares.
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A Match Made In... Film?
As the Walt Disney Company (NYSE: DIS) approaches its record high of $81.59 per share, the company has many investors wondering how much higher the stock will go. In order to understand why the company’s stock price continues to surge, investors need to look at both the original cornerstones of Disney, its animated films, and its theme parks.
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