New Buying Strategy as Facebook and Google Transform Into Web Conglomerates

Facebook, Google and other Internet titans have been busy transforming themselves into web conglomerates, making fortunes for the venture capital industry. But is it good for everyone else?The stream of acquisitions has been head-shaking. Facebook acquired the social media companies WhatsApp for $16 billion and Instagram for $1 billion. Google acquired the thermostat and smoke alarm developer Nest for $3.24 billion and Waze, a social mapping start-up, for $1 billion, while Apple bought the music brand Beats Electronics for $3 billion.

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