Facebook Buying Messaging App WhatsApp for $16 Billion

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Feb 19, 2014.

  1. MacRumors macrumors bot


    Apr 12, 2001

    Facebook is buying the hugely popular WhatsApp for $16 billion according to a filing with the SEC. The purchase, $4 billion in cash plus $12 billion in Facebook shares and potential for an additional $3 billion in employee stock payouts, will see WhatsApp founder Jan Koum joining Facebook's board of directors.

    WhatsApp Messenger is a hugely popular cross-platform messaging app that allows users to chat with individuals or groups, as well as sending files and pictures back and forth.

    Back in December, the service bragged that it had 400 million active users, with 100 million of those added in the last four months of 2013. Back in April of 2013, it was rumored that Google was close to acquiring the company for $1 billion -- something WhatsApp denied. Today's sale price reflects the company's tremendous growth over the last several months.

    According to Facebook founder Mark Zuckerberg:
    The service is one of many messaging services available on iOS and other mobile platforms, including Apple's own iMessage service integrated into iOS and OS X. Such services have become increasingly popular as users seek to avoid mobile carriers' SMS charges and expand their conversations to include devices not directly connected to cellular service. WhatsApp says that the Facebook and WhatsApp messaging apps will remain standalone for the foreseeable future, and WhatsApp will remain autonomous, operating independently of Facebook.

    The company's app is currently the 35th most popular on the App Store. Facebook says WhatsApp's messaging volume is "approaching the entire global telecom SMS volume", roughly 7 trillion message a year. WhatsApp Messenger is a free download on the App Store. [Direct Link]

    In April 2012, Facebook purchased Instagram for $1 billion.

    Article Link: Facebook Buying Messaging App WhatsApp for $16 Billion
  2. Rudy69 macrumors 6502a


    Mar 30, 2009
    In other news....I still don't understand why people use WhatsApp
  3. heehee macrumors 68020


    Jul 31, 2006
    Same country as Santa Claus
    Why not?

    I use it everyday because of group chat.
  4. mediotanque macrumors member

    Oct 31, 2013
    Mark Zuckerberg quote

    "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."
  5. taptic macrumors 65816


    Dec 5, 2012
    16 Billion?! Whats app with that?

    (see what I did there?)
  6. Goldfrapp, Feb 19, 2014
    Last edited: Feb 19, 2014

    Goldfrapp macrumors 68040


    Jul 31, 2005
    OMG, I just dropped my yoghurt on the floor. :eek:

    I bet the Instagram folks are now mad at themselves for underselling Instagram. :D
  7. elvetio macrumors member

    May 29, 2012
  8. DarkWinter macrumors member

    Feb 29, 2012
  9. Dekema2 macrumors 6502a


    Jul 27, 2012
    WNY or Utica
    That's a TON of money for an instant messaging service! Geez, that's 16 Levi Stadiums!
  10. aajeevlin macrumors 6502a

    Mar 25, 2010
    What do you use? For international and cross platform messaging? Please don't say iMessage, because not everybody on this world as an iDevice. Don't get me wrong, I love iMessage, but only if Apple would open it up for cross platform, which I don't think they will.

    On the other note, its funny because I just found out about this app called Telegram yesterday. Looks promising and they have desktop version as well. If the deal goes through it might be time to switch. I don't need Facebook to sniff through my messages...
  11. luckydcxx macrumors 65816


    Jun 13, 2013
    iMessage :apple:
  12. MarioG macrumors newbie

    Jan 28, 2014
    The number of $$ is absurd :eek::eek::eek::eek: pure madness.
    I have no idea why on earth somebody would even use whats app, viber & company, when you have imessage, normal sms and fb chat-which is also cross platform and makes this aqusition even dumber :confused::confused:
  13. JaySoul macrumors 68020


    Jan 30, 2008
    Apple messed up so royally by not buying WhatsApp years ago. Same goes for Google.

    iMessage and Hangouts are vastly inferior.

    Well played, Facebook.
  14. applesith macrumors 68020


    Jun 11, 2007
  15. dannys1 macrumors 68000


    Sep 19, 2007
    Ha ridiculous.

    Whatsapp is the most popular messaging app though, but, like most things that are "most popular" its not the best or prettiest. Messageme is a lot nicer but barely used, even Kik is a bit better. Whatsapp are always about 4 months before everyone else with big iOS or iPhone changes too.
  16. MikhailT macrumors 601

    Nov 12, 2007
    That's silly, there's no way it's worth $16 billion dollars.

    In addition, the chat market is already too saturated with other equal or better competitors.

    Now that WhatsApp is owned by Facebook, I'll be deleting my account. There's no way I want anything to be associated or owned by Facebook.
  17. diddl14 macrumors 6502a


    Aug 10, 2009
  18. captain cadet macrumors 6502

    Sep 2, 2012
    Deleting whatsapp now - is it possible anymore NOT to use a Facebook service?
  19. xero9 macrumors 6502a

    Nov 7, 2006
    Well, now I'm glad I abandoned WhatsApp in favor of BBM.

    Out of curiosity, does anyone remember how much they paid for Instagram? I remember it being a ridiculous amount at the time, which I think was like 2 billion. This is just insane.
  20. heehee macrumors 68020


    Jul 31, 2006
    Same country as Santa Claus
    Not everyone uses iPhone.
  21. wikiverse macrumors 6502a

    Sep 13, 2012
    Outside of the US, some carriers include unlimited SMS (including international) in a reasonable monthly fee.
  22. LordQ macrumors 68040


    Sep 22, 2012
    Great, just great... It was a good run and now I will have to delete it :(

    I just hate Facebook.
  23. mattymo macrumors newbie

    Oct 10, 2011
    I'm sure they'll miss you and everyone else "protesting"
  24. GFLPraxis macrumors 604


    Mar 17, 2004
  25. SmileyBlast! macrumors 6502a


    Mar 1, 2011
    $16 Billion$

    $16 Billion$ UnbelieveAmazeable!

    Everyone is going to abandon it now.
    Facebook Ads will be all over it.

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