Thursday 20 February 2014

Hot news


The hot news on everybody's lips at the moment is the purchase of Whatsapp by social networking giant Facebook, the price tag? an unprecedented $19 billion dollars, 19 billion dollars people, that is one hell of a pay day for the Whatsapp team if you ask me.
Whatsapp is reported to have around 450 million users, with a little over 70% of those are categorized to be active daily, it is also reported that Whatsapp is adding around 1 million users to its tally every day, if you do the math, they will have 360 million new users by the end of the year which would add up to +800 million users for the company, combine that with the over 1 billion Facebook users and you begin to understand why Facebook is willing to pay such a huge amount of money. if you have more queries about the acquisitioin, head over to this link :http://techcrunch.com/2014/02/19/facebook-buying-whatsapp-for-16b-in-cash-and-stock-plus-3b-in-rsus/

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