Facebook Inc, the worlds largest social network, has announced that it has acquired cross-platform mobile messenger Whatsapp for $19 BILLION! The buyout shocked the tech industry, being that it's a hefty price for a company that is only 5 years old. With only 50 employees, that's roughly about 380 Million each, SCORE!
Whatsapp gained 450 million subscribers in nearly 5 years, with a fresh 1 million users downloading the app EVERYDAY! While on a conference call with media, Facebook CEO Mark Zuckerberg believes that Whatsapp will reach 1 billion users within the next 5 years. The service, founded by Jan Koum and Brian Acton in 2009, produces over 50 Billion messages a day, all of which are said to be deleted from the servers after they are read. Whatsapp is one of the most popular mobile applications in India, Brazil, and various other countries.
Whatsapp was developed on the principals of having NO Adds. Mr. Zuckerberg added that the service will remain the same and not deviate from the model of which it was formed. The messaging platform, which is free for 1 year and then billed $.99 yearly, intends on "Connecting the World".
Will Facebook and Whatsapp continue to grow, or was this a move by Zuckerberg to cease any threat the Facebook empire has in it's way being they have failed to create a succesful "Real-Time" messaging app. Time will tell, until then: $19,000,000,000 -- That's Whatsapp!