Will WhatsApp Reach 1 Billion Users Faster Than Facebook Did?
It appears that the billion-user club is about to get a new member Facebook announced the acquisition of messaging app WhatsApp on Wednesday, a deal worth up to $19 billion in cash and stock that puts serious muscle behind Facebook's international reach. See also: 12 Facebook Statuses You Need to Retire In a call with investors to outline the acquisition, Facebook CEO Mark Zuckerberg and WhatsApp CEO Jan Koum hinted multiple times that they expect WhatsApp to become a billion-user platform, a milestone that Facebook eclipsed less than 18 months ago "WhatsApp is the only widely used app we've ever seen that has more engagement and a higher percent of people using it daily than Facebook itself," Zuckerberg said on the acquisition call Wednesday, noting that WhatsApp has doubled in size over the past year. "Based on our experience of building global services with strong growth and engagement, we believe WhatsApp is on a path to reach over one billion people in the next few years." Read more... More about Acquisition, Facebook, Zuckerberg, Whatsapp, and Social Mediahttp://feeds.mashable.com/~r/Mashable/~3/wG9YvbHliDI/
Facebook to Buy WhatsApp for $16 Billion
Facebook has entered into an agreement to acquire WhatsApp, the popular messaging app, for $16 billion in cash and stock, according to a filing Wednesday. The deal is by far Facebook's largest acquisition to date and comes after rumors in late 2012 and early 2013 that Facebook and Google were vying to buy the messaging service According to the filing, Facebook has agreed to pay $12 billion in stock and $4 billion in cash for the company. Facebook has also agreed to pay an additional $3 billion in restricted stock units to WhatsApp's founders and employees as part of the deal, which would bring the total deal price to about $19 billion. Read more... More about Facebook, Whatsapp, and Businesshttp://feeds.mashable.com/~r/Mashable/~3/kmBXHiYR2c8/
What's WhatsApp and Why Did Facebook Pay $16 Billion for It?
Facebook just spent $16 billion to acquire WhatsApp, spending $4 billion in cash and $12 billion in Facebook stock (it'll also kick in another $3 billion of stock over the next four years for good measure). It's by far Facebook's biggest acquisition— 16 times larger than what the social network paid for Instagram. If you live in North America, you may not have much experience with WhatsApp. It's fundamentally a text-messaging replacement app that lets you send messages to any of your contacts, even if you don't know their phone number. Similar to BlackBerry Messenger and iMessage, the service lets users bypass their carrier's SMS (short message service, generally known as text messaging) and avoid any texting fees. Read more... More about Facebook, Apps, Instant Messaging, Text Messaging, and Whatsapphttp://feeds.mashable.com/~r/Mashable/~3/A22-pU4e6Zo/
Facebook Has No Plans to Bring Ads to WhatsApp
"No ads. No games. No gimmicks." That is Jan Koum's mantra. He's said it at press events and he says it to himself. In fact, he keeps a note taped to his desk with those words written on it in blue pen. On Wednesday, Koum's company WhatsApp, a popular mobile messaging service, entered into a deal to be acquired by Facebook for $16 billion. Assuming the deal goes through, Koum and his team stand to gain significantly, both in terms of their personal finances and access to Facebook's substantial resources But Koum may also face a bit of an existential crisis as a result of the deal: will he be able to hold true to his mantra once WhatsApp becomes part of a social network that has been increasingly aggressive about introducing ad products? For now, both he and Facebook are pledging to hold true to the No Ad rule. Read more... More about Facebook, Whatsapp, Business, and Advertisinghttp://feeds.mashable.com/~r/Mashable/~3/eDOAZtSkSbE/
Facebook's $16 Billion Acquisition of WhatsApp Takes Over Twitter
Facebook sent a shockwave through the tech world on Wednesday when it announced the acquisition of WhatsAapp for $16 billion ($12 billion in stock and $4 billion cash). The deal represents one of the biggest acquisitions in recent mobile tech history at almost double the $8.5 billion Microsoft paid for Skype back in 2011, and over five times the $2.9 billion Lenovo paid Google for Motorola just last month See also: Facebook to Buy WhatsApp for $16 Billion Reactions to the massive purchase by Facebook CEO Mark Zuckerberg have given rise to a number of colorful responses on social media. Some are enthusiastic and supportive, some are surprisingly ambivalent, while many others don't seem to know what to make of the historic acquisition Read more... More about Facebook, Acquisitions, Social Media, Whatsapp, and Twitterhttp://feeds.mashable.com/~r/Mashable/~3/Ti7lHFW7l5g/
WhatsApp Founders Are Low Key And Now Very Rich
In what's soon to rank as one of the great Silicon Valley creation stories — up there with the $40 rental late fee that drove Reed Hastings to found Netflix — WhatsApp started with restrictive gym policy According to legend, WhatsApp co-founder and CEO Jan Koum came up with the idea for his company in early 2009 after his gym banned the use of cell phones. Koum became annoyed at missing calls during his workout and, being an engineer, decided to create a solution See also: 12 Facebook Statuses You Need to Retire Around the same time, Koum had decided on two things: The iPhone would be the future, not only a device, but an "extension of who you are." He also realized he hated advertising and would steer clear of it. Read more... More about Facebook, Whatsapp, Business, and Startupshttp://feeds.mashable.com/~r/Mashable/~3/r-QEWkiypQw/
Facebook: WhatsApp Will Continue to Operate Independently
Facebook promised to add a handful of new standalone apps this year — but we're not sure this is what people had in mind The social media giant announced on Tuesday that is acquired the messaging app WhatsApp for $16 billion in stock and cash. The deal could be worth as much as $19 billion, including an additional $3 billion in vesting stock options, according to a Facebook blog post See also: Why Social Networks Are Crazy for Private Messaging While the acquisition dwarfs Facebook's 2012 purchase of Instagram for $1 billion, the two deals do have one major similarity: Facebook intends to let WhatsApp operate independently. Read more... More about Acquisition, Facebook, Whatsapp, Social Media, and Apps Softwarehttp://feeds.mashable.com/~r/Mashable/~3/v7pig_jUCiw/
4 Free WhatsApp Alternatives
Facebook acquired WhatsApp for $16 billion Wednesday, and as with Instagram and Facebook's other acquisitions, many users are already expressing concern that the social network could ruin the app. For its part, Facebook said the messaging service will continue to operate independently. But in case you're still worried about WhatsApp's future, we've rounded up four free alternatives, below. See also: 20 Things Your Most Annoying Friends Do on Facebook 1. Viber Image: Viber Viber, which was also recently acquired— if for a considerably less $900 million— offers free messaging and voice calls to its more than 200 million mobile and desktop users Read more... More about Facebook, Android, Ios, Whatsapp, and Techhttp://feeds.mashable.com/~r/Mashable/~3/cH535YwNscM/