If I can't ping, at least I can WhatsApp, lol. The social
media giant, Facebook has taken ownership of the messaging app, WhatsApp, after
$4bn in cash and approximately $12bn-worth of Facebook shares, an additional
$3bn in stock to WhatsApp's founders and employees. The deal in total is a sum
of $19bn. The social media giant recently added instagram to their acquisition
and later added WhatsApp which is apparently their biggest acquisition to date.
WhatApp has attracted many users because it avoids messaging
charges except the little internet charges for it to work and $1 per year
charges aside the free offer. According to report, more than 450 million users
are on the network and more than one million new users join the network daily.
The amazing part of the deal is that WhatsApp co-founder,
Jan Koum, will also become a member of Facebook's board of directors. According
to another report, WhatsApp has wider penetration in a lot of international
markets than Facebook due to WhatsApp's ease of use and connection.
WhatsApp is growing faster and this strong point will be an
advantage for Facebook to get more smartphone consumers into their system since
Facebook is set to get their smartphones into the market as soon as possible.
