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Tuesday 25 February 2014

Facebook pays 19B for Whatsapp

Well if you haven't heard by now that Facebook has bought Whatsapp, then here is the latest on that front.  Facebook has bought Whatsapp for an amazing 19B dollars, with this being divided up into 12B in Facebook shares, 4B in cold hard cash and 3B in RSU for employee retention.  Now even though Whatsapp has been bought out by Facebook, it will continue to operate as an independent company from Facebook.  Along with this, the WhatsApp co-founder and CEO Jan Koum will join Facebook’s board.  Now Whatsapp is trending toward connecting 1 billion people, with approximately 1 million more users joining Whatsapp per day.  That's a lot of people.  While still not as many users as Facebook Messenger, the increase in users may change this in the near future.  With only 32 engineers employed at Whatsapp, this once small app has revolutionised the way people communicate.  Let's hope Whatsapp continues its amazing growth over the coming months.  



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