Facebook Buys WhatsApp For $19 Billion

In a play to dominate messaging on phones and the Web, Facebook has acquired WhatsApp for $19 billion.

That's a stunning sum for the five-year old company. But WhatsApp has been able to hold its weight against messaging heavyweights like Twitter (TWTR), Google (GOOG, Fortune 500) and Microsoft's (MSFT, Fortune 500) Skype. WhatsApp has upwards of 450 million users, and it is adding an additional million users every day.

Referring to WhatsApp's soaring growth, Facebook CEO Mark Zuckerberg said on a conference call, "No one in the history of the world has done anything like that."

WhatsApp is the most popular messaging app for smartphones, according to OnDevice Research.

Buying WhatsApp will only bolster 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.

Source CNN



Shakur 2014-02-20 07:52:20

Knaty 2014-02-20 07:57:39
Na wa oh... C pepper, wetin I dey tk my head tink sef

Diego88 2014-02-20 07:59:45
Wen Money talks., shit happens...

Pat 2014-02-20 11:55:29
they wnt comments cuz is nt 2face pregnanting women see naija pple

Joebest 2014-02-21 14:36:32
Up whatSApp!!!

Samuel Ajay 2014-02-21 19:53:54
dats a good business done by fb,paper money

Oman 2014-02-22 16:29:28
Na wa ho ho c muni way they 4 share 4 .me

Dolwin 2014-02-25 15:37:29
Dat iz gud, na moni day talk ooo

Dovey 2014-02-27 11:27:57
Kudos! continue soar high Whatsapp.

Maestrojay 2014-03-05 06:34:39
nice move.. if u cant beat dem.. buy dem over

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