Have you heard that Facebook took over WhatsApp for $19 billion? Yes, it was such a bold move! Learn More about Why Facebook Bought Whtsapp.
Facebook took over the text messaging app with 1/10 of its market value. This purchase is almost doubling Google’s bid. If you believe this was a stupid decision then you might think again. It is worth a staggering amount to buy. Facebook CEO Mark Zuckerberg’s big decision turned the world’s head.
In a conference call, Mark said about the WhatsApp’s growth that, “No one in the history of the world has done anything like that.”
Facebook’s chief executive Mark explained why he bought the WhatsApp-
“Our mission is to make the world more open and connected. We do this by building services that help people share any type of content with any group of people they want. WhatsApp will help us do this by continuing to develop a service that people around the world love to use every day.”
Facebook is one of the fastest-growing companies in history whereas WhatsApp growth is not stopping from gobbling up users messaging. Facebook CEO decided to buy WhatsApp so that it won’t conquer Facebook. Instead, Facebook wanted to secure its place.
WhatsApp becomes one of the competitors for Facebook so he wants to add the value to WhatsApp by purchasing it. Mark Knows that the growth of WhatsApp may cause hurdles for Facebook’s market value.
Whatsapp has 70 % of active users every day. It holds 450 million active users that means there are 1 million active users every month which is higher than Facebook, whereas Facebook has 1.23 million users. There are 500 million WhatsApp users who share pictures that show it surpassed Facebook. Learn more about the Facebook Brand here.
America is one of the biggest and most well-known countries on earth. There are some…
Do you know how strong a human bone is? Get to know about it yourself…
Most innovative brands like google & amazon changed our life. Play our tech quiz to…
Did you know? Waipuhia falls in Ohio, Hawaii flows upside down! Read on to know…
Does Apple have a clothing line? Read on to find out vintage apple clothing and…
Looking for the definition of SaaS and EaaS? Take our fun quiz to increase your…