Facebook Buys WhatsApp For $16 Billion

Facebook Buys WhatsApp For $16 Billion

2 min


It seems that Mark Zuckerberg has decided to enter into the mobile world and this is why he has purchased “WhatsApp” for 16 billion dollars. This is just unbelievable! Why does he want to buy a messaging app for such a huge price? Read the whole story to know

Why Did Facebook Buy WhatsApp?

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Facebook entered into the agreement by purchasing “WhatsApp” for $16 billion. Those who are unknown as to what whatsapp is then let me tell you that it is a very popular messaging app that lets you to send texts, images, audios and videos. The first year of this app is absolutely free and then you need to pay only a dollar to further use it. At such a low cost, anyone would love to use this app.

mark-zuckerberg

 

                        Facebook CEO: Mark Zuckerberg                           

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WhatsApp CEO: Jan Koum

Sources say that it is the highest purchase made for an app. The company says that WhatsApp will continue to work independently and separately from Facebook. You will be surprised to read the fact but WhatsApp holds over 450-million active users and this is much higher than users of Facebook, Gmail, Twitter and Skype. Look at the picture to know

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During a press conference, Facebook CEO, Mark Zuckerberg said that WhatsApp is one of the best ways to connect 1-billion people around the world. Mark made a proposal to buy this app from Koum (CEO and Co-founder of WhatsApp) on 9 February 2014 (Sunday). The 2 agreed for this huge price ($16 billion) only days later.

Analysts asked Zuckerberg and Koum if the deal was made for ads that were coming in WhatsApp. For this, Koum responded that both the companies still focus to grow people than the amount of cash made.


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