The Black holes of Technology market
Our
universe comprises of black holes which can consume anything and everything,
even light and sound cannot escape from them. All other celestial bodies cannot
stand the enormous power of these dark spaces.
Similarly,
the world of technology has its own black holes, which from time to time grab
control of other smaller tech firms. Some of these tech giants which are buying
up new firms are, Facebook-the largest social network, Google-the search engine
and the driving force of smartphone operating systems, Apple, the innovator of
new mobile phone computing, etc.
Facebook,
till now has acquired 45 companies, and the latest in its addition is the
famous mobile messaging application Whatsapp, which it grabbed with a whopping
price tag of $19 billion dollars. Some other famous firms in its basket are;
Instagram- the remarkable photo sharing application which was bought by the
social network in 2010 by paying $1 billion. Onavo, Spool, Snaptu, Hot potato
are some other well-known tech firms which belongs to Facebook.
Facebook
owner Mark Zuckerberg acknowledges that it is not possible nowadays to limit
the users to a single app for a longer duration. In an interview with Bloomberg
BusinessWeek, he said, “we just think that there are all these different ways
people want to share, and that compressing them all into a single blue app is
not the right format.
The
other two companies which are in the race of buying new tech firms are Google
and Apple. Apple has acquired over 53 companies, and its largest acquisition
was the purchase of NeXT for a price tag of $400 million in 2012. Google with
100 purchases is the master in the race of grabbing small firms and its largest
acquisition was the purchase of $12 billion Motorola Mobility in the same year,
2012.
No
matter how overpriced these acquisitions sounds to the users of the
applications made by these tech firms, the purchases of smaller firms have
become a necessity for the tech giants to stay in the world of technology.
