Another (expensive) milestone for Mark: Facebook to acquire WhatsApp
WhatsApp has built a leading and rapidly growing real-time mobile messaging service, with:
Over 450 million people using the service each month;
70% of those people active on a given day;
Messaging volume approaching the entire global telecom SMS volume; and
Continued strong growth, currently adding more than 1 million new registered users per day.
The acquisition supports Facebook and WhatsApp's shared mission to bring more connectivity and utility to the world by delivering core internet services efficiently and affordably. The combination will help accelerate growth and user engagement across both companies.
"WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable," said Mark Zuckerberg, Facebook founder and CEO. "I've known Jan for a long time and I'm excited to partner with him and his team to make the world more open and connected."
Jan Koum, WhatsApp co-founder and CEO, said, “WhatsApp's extremely high user engagement and rapid growth are driven by the simple, powerful and instantaneous messaging capabilities we provide. We're excited and honored to partner with Mark and Facebook as we continue to bring our product to more people around the world.”
Facebook fosters an environment where independent-minded entrepreneurs can build companies, set their own direction and focus on growth while also benefiting from Facebook’s expertise, resources and scale. This approach is working well with Instagram, and WhatsApp will operate in this manner. WhatsApp’s brand will be maintained; its headquarters will remain in Mountain View, CA; Jan Koum will join Facebook’s Board of Directors; and WhatsApp’s core messaging product and Facebook’s existing Messenger app will continue to operate as standalone applications.
- Thinner screen, tougher requirements? Why Apple suppliers are truly struggling to supply enough screens for next month's iphone 6 lauch
- On cloud 'nine' or more like...'seven': the GCC's clouding industry to grow seven-fold by 2020
- A truce on the fight for supremacy: Samsung, Apple declare a cease-fire on patent war
- Why app developers are thriving in the UAE
- Revealed: the $3 trillion threat
- Is Mark already going at it? Whatsapp to launch free voice calls
- No change in WhatsApp privacy rules: Facebook
- Facebook 'shares' online slip by 9.6%
- Rumours has it Facebook is after Waze GPS, in a whopping $1 billion deal
- What was yesterday's shutdown all about? Security experts raise flag over Whatsapp's 'weaknesses'