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 startup, for $1 billion, while Apple bought the music brand Beats Electronics for $3 billion.
Image: The titans' buying spree has not just minted more than a few 20-something millionaires; it has revolutionized the venture capital business model. - http://economictimes.indiatimes.com/articleshow/39755888.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
