Facebook buys WhatsApp for $19 billion

Facebook-Buys-Whatsapp-for-19-billion-dollars

WhatsApp, the world’s largest messaging service will now be under the command of Facebook. WhatsApp is a simple, fast and reliable mobile messaging service that is used by over 450 million people on every major mobile platform. The service was founded by a Ukrainian immigrant who dropped out of college, Jan Koum, and a Stanford alumnus, Brian Acton in 2009. In just few years it witnessed a huge success all over the globe, attracting millions of regular users.

Facebook will pay WhatsApp $4 billion in cash and $12 billion in stock. WhatsApp’s founders and staff will be eligible for another $3 billion in stock grants to be paid out if they remain employed by Facebook for four years

Interesting fact

In 2009, Brian Acton, co-founder of WhatsApp, was rejected for jobs at Facebook and Twitter.

Got denied by Twitter HQ. That’s ok. Would have been a long commute.

— Brian Acton (@brianacton) May 23, 2009

 

Facebook turned me down. It was a great opportunity to connect with some fantastic people. Looking forward to life’s next adventure.

— Brian Acton (@brianacton) August 3, 2009

The founder promises free service, still with no ads

In the official blog post, Jan Koum, one of the two founders of WhatsApp, promises that the service will remain free and will never include ads.

……WhatsApp will remain autonomous and operate independently. You can continue to enjoy the service for a nominal fee. You can continue to use WhatsApp no matter where in the world you are, or what smartphone you’re using. And you can still count on absolutely no ads interrupting your communication. There would have been no partnership between our two companies if we had to compromise on the core principles that will always define our company, our vision and our product…… – Jan Koum

Official Announcement from Mark Zuckerberg

I’m excited to announce that we’ve agreed to acquire WhatsApp and that their entire team will be joining us at Facebook.

Our mission is to make the world more open and connected. We do this by building services that help people share any type of content with any group of people they want. WhatsApp will help us do this by continuing to develop a service that people around the world love to use every day.

WhatsApp is a simple, fast and reliable mobile messaging service that is used by over 450 million people on every major mobile platform. More than 1 million people sign up for WhatsApp every day and it is on its way to connecting one billion people. More and more people rely on WhatsApp to communicate with all of their contacts every day.

WhatsApp will continue to operate independently within Facebook. The product roadmap will remain unchanged and the team is going to stay in Mountain View. Over the next few years, we’re going to work hard to help WhatsApp grow and connect the whole world. We also expect that WhatsApp will add to our efforts forInternet.org, our partnership to make basic internet services affordable for everyone.

WhatsApp will complement our existing chat and messaging services to provide new tools for our community. Facebook Messenger is widely used for chatting with your Facebook friends, and WhatsApp for communicating with all of your contacts and small groups of people. Since WhatsApp and Messenger serve such different and important uses, we will continue investing in both and making them each great products for everyone.

WhatsApp had every option in the world, so I’m thrilled that they chose to work with us. I’m looking forward to what Facebook and WhatsApp can do together, and to developing great new mobile services that give people even more options for connecting.

I’ve also known Jan for a long time, and I know that we both share the vision of making the world more open and connected. I’m particularly happy that Jan has agreed to join the Facebook board and partner with me to shape Facebook’s future as well as WhatsApp’s.

Jan and the WhatsApp team have done some amazing work to connect almost half a billion people. I can’t wait for them to join Facebook and help us connect the rest of the world.

Abilash A

I am a Web and Graphic designer, specializing in designing and hosting websites, blogs and forums. I love technology and blogging is my passion. I also specialize in blogger to WordPress migration. Currently I work Full-Time as a Quality Control and Testing Engineer.