Facebook announced on 19th Feb 2014 the purchase of Whatsapp in a $19 Billion Deal. It means $42 per WhatsApp user.
WhatsApp was founded by two guys Brain Acton and Jam Koum in 2008, who spent combined 20 years doing geeky stuff at Yahoo! Inc. before starting WhatsApp. Founded in the heart of Silicon Valley, WhatsApp reportedly earned total revenues of about 20 million last year.
With only 55 employees, WhatsApp’s $19-billion valuation could, in an alternate universe where each employee was given an equal share, fetch $350 million per employee. This is nearly five times what employees of Instagram would have got when that company was bought out for $1 billion in 2012.
New Daily Record: 10B+ messages sent (inbound) and 17B+ messages rececived (outbound) by our users= 27 Billion messages handled in just 24 hours!
The Internet is defined as the worldwide interconnection of individual networks operated by government, industry, academia, and private parties. Originally the Internet served to interconnect laboratories engaged in government research, and since 1994 it has been expanded to serve millions of users and a multitude of purposes in all parts of the world. Internet is changing all the time. Two things, in our opinion, have marked it's evolution recently: the social web and mobile technology. These two innovations have changed the way people use the Internet. In the social web people have found a new way...
WhatsApp is a cross-platform instant messaging service for smartphones that relies on the internet for the transmission of messages. As of April 2014, the mobile messenger has more than 500 million monthly active users worldwide and ranks as one of the most popular mobile social apps globally. Based on a low-cost subscription model, WhatsApp is a cheap alternative to carrier-billed text messaging via SMS, especially for international or group messaging. The mobile messaging app enables users to share text, image and video messages – the service handles more than 600 million photo and 64 billion...
There are 1,426 billionaires in the world this year. They are the wealthiest of the wealthy. But only 29 members of this elite list are under 40 years old, with that exciting combination of money and youth. Those 29 have a total of $119 billion between them. Ten come from the technology sector, including four from social networking giant Facebook .