Author Topic: Facebook Buys Mobile Messenger WhatsApp for $19 Billion  (Read 2052 times)

February 20, 2014, 09:30 PM
Facebook to buy WhatsApp for $19 billion

The balance of power in the mobile messaging space is about to shift in a big way -- Facebook has just announced plans to acquire WhatsApp for the equivalent of $19 billion in cash and stock. The deal will see WhatsApp run semi-independently, much like Instagram. The chat service will maintain its brand and existing offices, but it will take advantage of Facebook's "expertise, resources and scale." It's safe to say that the combined entity will have a lot of clout should the deal close later this year. WhatsApp already has over 450 million active users every month; combine that with Facebook Messenger and competitors like Line suddenly appear tiny by comparison.

February 21, 2014, 07:35 PM
Reply #1
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Please follow the same advice I gave Cha. Don't just copy and paste a news item you got at another site. News is available all over the world and all of us here have access to it.

It would be far better if you had said this:

 "As you already know, Facebook has agreed to buy Whatsapp for $19b. What do you all think and how will it affect us?"

Naturally this is not exact, just to give you an idea of what I mean.