Facebook has bought WhatsApp, a messaging app that helps users keep in touch with their loved ones, for $9 billion.
The deal, announced Tuesday, is the second-largest deal for a messaging service in the world, after Twitter bought WhatsApp in July for $22.5 billion.
WhatsApp has a mobile app and is used by more than 60 million people worldwide.
It was founded in 2008 by an engineer and a programmer.
It offers video chat and messaging for more than 3 billion users.
The company has grown to be the largest in the social network industry.
In 2017, it reported $2.9 billion in revenue, according to its most recent quarterly earnings report.
The purchase gives Facebook a market value of $2 billion and gives it the ability to buy WhatsApp for as much as $19.6 billion, the company said.
Facebook says the deal will give it the opportunity to grow its WhatsApp business by more people.
Whatapp’s app features pictures, text messages and voice chat.
The company is currently available in the United States, Canada, Mexico, the United Kingdom, Ireland, Germany, Austria, Sweden and France.
Written By
By now you've probably heard about the YouTube video that ended up going viral.The video features a dog, wearing a "T-shirt with your dog's name on it," running through a maze with its arms up."We are trying to make it viral," the narrator says."What's happening here is our dog is running around the house in a maze.She's running with her arms up, with no leash on.It's like a maze game.But then she...
I recently attended a Facebook event hosted by the Canadian Internet Marketing Association.The attendees included representatives from more than 60 Canadian online marketing companies, with each company pitching their own brand of online marketing.The conference wa...
In India, scorpions are often seen as a natural weapon.As a result, scorpion-related businesses in the country have become big business.However, scorpio-related products can be a headache for the Indian consumer.This is where scorpion brand Scorpion comes in.The sc...
The internet is changing how people interact with businesses online, and some marketers are trying to understand what the new digital world is all about.And as these changes become more and more pronounced, some are trying, for the first time in their lives, to app...