File This One Under ‘No Shit’

Salvador Rodriguez, reporting for the LA Times:

Following Facebook’s acquisition of messaging service WhatsApp last week for $19 billion, BlackBerry CEO John Chen said he would not hesitate to sell his company’s messaging service for that much money.

“I work for the shareholder. Standard answer. If somebody comes to me with $19 billion, I would definitely sell it. I would recommend to the board to take it,” Chen told CNBC.

That’s like asking someone, “If you won the lottery, would you cash the ticket?” (BlackBerry’s market cap is about $5.5 billion.)

Wednesday, 26 February 2014