Seeking to corner messaging on phones, Web, Facebook buys WhatsApp for $19 billion
Most popular messaging app for Smartphone, WhatsApp is highly coveted acquisition
In a bid to have the heaviest presence on messaging on phones and the Web, Facebook has purchased WhatsApp for $19 billion. By far the most popular messaging app for Smartphones, WhatsApp is among the most highly coveted tools in the Internet world.
Facebook CEO Mark Zuckerberg said on a conference call, "No one in the history of the world has done anything like that," remarking on WhatsApp's rapid climb to success.
Honor Saint Blaise by going here --
Buying WhatsApp will serve to strengthen Facebook's already strong position in the crowded messaging world. Messenger, Facebook's a standalone messaging app for mobile devices, is second only to WhatsApp in its share of the Smartphone market.
WhatsApp allows people to connect via their cell phone numbers in the manner of traditional text messaging. Instead of racking up texting fees, WhatsApp sends the actual messages over mobile broadband, which makes WhatsApp cost effective for communicating with people overseas.
This particular brand of mobile messaging services has become highly popular, with twice as many messages sent over the mobile Internet than via traditional texts. The majority of the messaging industry's revenue is still driven by text messaging.
Facebook, in a conference call, said it is not looking to drive revenue from WhatsApp in the near term. Facebook instead is focusing on growth. Zuckerberg said he doesn't anticipate trying to aggressively grow WhatsApp's revenue until the service reaches "billions" of users.
WhatsApp only charges $1.00 a year after giving customers their first year of use for free. WhatsApp CEO Jan Koum said on the conference call that WhatsApp's business model is already successful.
Facebook probably bought WhatsApp to add value to its existing messaging services.
Anther Facebook acquisition, such as Instagram, was purchased for $1 billion in 2012 for similar reasons. As young social network users gravitated towards photo-sharing, Facebook wanted to scoop up what could have become major competition.
Like Instagram, WhatsApp will function as an autonomous unit within Facebook, with all the existing employees coming in as part of the deal.
Pope Francis calls for your 'prayer and action'...
© 2014 - Distributed by THE NEWS CONSORTIUM
Pope Francis Prayer Intentions for March 2014
Respect for Women: That all cultures may respect the rights and dignity of women.
Vocations: That many young people may accept the Lordís invitation to consecrate their lives to proclaiming the Gospel.
Rate This Article
Leave a Comment
More Technology News
- DRAMATIC DEATH IN SPACE - Astronomers watch as an entire galaxy bleeds to death before their eyes
- Duck and Cover! Asteroid 2014 DX110 will buzz Earth today and you can watch it happen!
- GIBBERISH! More than 100 articles in scientific journals found to balderdash
- New super pill could prolong human longevity
- 330-foot long aircraft hailed the largest in the world
- Vintage cheese - found on the chests of 3,500-year-old mummies!
- Boeing producing 'BLACK' a super-spy phone worthy of James Bond
- Why the Kepler planet discovery changes ABSOLUTELY EVERYTHING!
- How long before you visit a baby boutique to design your children from genetic scrap?
- Fr. Paul Schenck: Finding Living Faith on Catechetical Sunday
- The Movie Yellow: Incest as 'Normal' and Cassavates's Slides Into the World of Woes
- The Chicago School Teachers Strike Reveals the Need For School Choice
- The Sexual Barbarians and the Dissolution of Culture
- The Happy Priest Challenges Us to Ask: Who is Jesus to Me?
- Michael Coren on Canadian Public Schools: Teachers, leave those kids alone
- We Cannot Ignore Our Consciences: Cardinal Dolan On Religious Liberty
- In the Face of Danger, Successor of Peter Travels to Lebanon as a Messenger of Peace
- Reflections on the Dignity and Vocation of Women: Who or What?