Home > Apps > Facebook Buys WhatsApp for $19 Billion

Facebook Buys WhatsApp for $19 Billion

Last updated on October 6th, 2019 at 12:45 am

Few days before Facebook was tried  to buy Snapchat for $3 billion  in cash. But due to some reasons deal was failed. From that day it was sign that Facebook was trying to buy mobile messing service based app. And finally they did it. After failed Snapchat deal finally Facebook buy what’s app for $19 billion.
According to filing Facebook acquire WhatsApp’s for approximately $19 billion. In which $4 billion in cash and reaming $12 billion worth of Facebook shares,and additional $3 billion in restricted stock unit for WhatsApp’s founders and employees. So total deal price is $19 billion.

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Why Facebook buy WhatsApp for enormous $19 billion:

Some serve showed that Facebook loosing it’s popularity. And user mostly teenagers are moving for mobile messaging services and other social networking sides. So to keep head up in market finally Facebook acquire WhatsApp by paying huge $19 billion.
WhatsApp founded in 2009 by Jan Koum and Brian Acton. Both are former Yahoo engineers. And in few days WhatsApp become most popular mobile messaging app in world. Which give intention to Facebook popularity and business. WhatsApp has rapidly growing real-time mobile messing service. Which give an alternative to SMS letting users send messages for free across smart phone and tablet platform. Following points shows the growth and popularity of WhatsApp in people:
  • Easy and Simple to use.
  • Over 450 million people using the WhatsApp each month and 70% of those people active on given day.
  • WhatsApp continued strong growth and currently adding more than 1 million new registered users per day.
  • Messaging volume approaching the entire global telecom SMS volume.
  • Larger than Snapchat,Twitter,LinkedIn.
  • 600 million photos uploaded on each day.
  • 200 million voice messages send each day.
Due to this magic of numbers Facebook acquire WhatsApp.
After deal Mark Zuckerberg founder and CEO of Facebook said that:”WhatApp is on a path to connect 1 billion people and I’v  known Jan for long time and I’m excited to partner with him and his team to make world more pen and connected.
Note: Both Mark Zuckerberg and Jan Koum cleared that WhatsApp will still stay Ads(Advertising) free.
Image Credit: Veooz

About Sameer

I'm Sameer Bille, a blogger from Mumbai, India. I started MuchTech as a passion.Here at Much Tech I write about Tech Tips,Tricks and how to guide.

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