Facebook Buys Whatsapp ($19 Billion)
Facebook Purchases Whatsapp
Facebook bought the popular cross-platform messaging mobile application Whatsapp for more than $19 billion, one of the largest digital take overs in history.
Whatsapp works on Iphone, Blackberry, Android and some Nokia phones. It is also very cheap, it offers the first year free and after that users pay less than $1 per year.
This has made it very popular in developing regions like Africa, Asia and Europe but still has a long way to outcompete Snapchat in USA, Tencent in China and other IMs in South Korea.
We still can’t tell the exact reason as to why Facebook would buy the popular social media platform for such an extreme amount of money and stock for an app with 450 million subscribers at a rate of about $42 per user.
The most certain conclusion for now is simply because Facebook wants to dominate in internet messaging, plus the assumption that most of the Facebook users that leave the network join and spend much of their time on whatsapp.
For now, let’s watch and see what this deal will materialize.
Lawk is a mozillian, director at Innovware and consults part time for Every1Mobile.
He loves open source, the open web, writing, reading and developing literacy tools that can teach the youth around the world especially in East Africa.