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Facebook, a Social Media Network, Acquires WhatsApp for $19bn

Facebook, a Social Media Network, Acquires WhatsApp for $19bn

facebook-buys-whatsappMark Zuckerberg, Facebook’s founder and CEO, announced on Wednesday that the company has agreed to buy the instant messaging service WhatsApp. The application is continuously growing its audience and has more than 450 million people using the app around the world. With more than 1 million people signing up for the app every day, Facebook will be able to access WhatsApp users and make a step forward to ” developing great new mobile services that give people even more options for connecting” and “make basic internet services affordable for everyone”. Mark Zuckerberg noted that they ” will continue to operate independently” within the Social Media network.

Jan Koum, WhatsApp co-founder and CEO, said, “WhatsApp’s extremely high user engagement and rapid growth are driven by the simple, powerful and instantaneous messaging capabilities we provide.”  Among other advantages of using the mobile app for sending text messages, images, audio and video for free using data, WhatsApp’s main policy is the “No Ads” rule. The app charges users $0.99 subscription fee after their first year.

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By |2014-02-20T12:05:53-05:00February 20th, 2014|

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