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Steve JobsSteve Jobs and Bill Gates at 'D5: All Things Digital' conference in Carlsbad, CaliforniaBy: Joi Ito from Inbamura, Japan

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  • Facebook announced the acquisition of the popular text service WhatsApp for the bargain price of $19 billion dollars in a deal that seemed to catch everyone off guard. While many Americans have never heard of the company, WhatsApp is hugely popular outside of the United States and it is not surprising that Facebook is trying to expand their market share into areas outside of America.

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