Tag Archives: facebook

Facebook Acquires WhatsApp For The Total of $19 Billion

Facebook vs WhatsApp

Facebook has finalized the deal to buy the popular messaging app WhatsApp for $16 Billion, according to the statement released by Facebook yesterday. The $16 Billion price tag consists of $4 Billion in cash and $12 Billion worth of shares in Facebook Inc. upfront to the founders of WhatsApp. The agreement also includes an additional $3 Billion of restricted stock over the course of next four years to the founders and employees of WhatsApp. WhatsApp has around 50 employees.

“WhatsApp’s extremely high user engagement and rapid growth are driven by the simple, powerful and instantaneous messaging capabilities we provide. We’re excited and honored to partner with Mark and Facebook as we continue to bring our product to more people around the world.” – Jan Koum, WhatsApp co-founder and CEO.

WhatsApp is a fast growing real-time mobile messaging app that allows users to send and receive messages over the Internet, avoiding the regular messaging charges. It has currently over 450 million active users with 100 million active users registered in the last four months and is on the path of reaching 1 billion users. Its business model involves charging $1 per year as a subscription fee, which is not charged for the first year.

“WhatsApp will remain autonomous and operate independently. You can continue to enjoy the service for a nominal fee. You can continue to use WhatsApp no matter where in the world you are, or what smartphone you’re using. And you can still count on absolutely no ads interrupting your communication. There would have been no partnership between our two companies if we had to compromise on the core principles that will always define our company, our vision and our product”, Jan Koum, WhatsApp co-founder and CEO, said in a blog post.

Facebook Messanger vs WhatsApp
Source: distimo.com

Facebook 10th Anniversary – A Look Back At Your Facebook Moments

Facebook 10th Anniversary
Source: brandignity

Yesterday, the world’s top social network site, Facebook turned 10. The social network that started 10 years ago from now has become a social network giant today with billions of users. To celebrate their success and 10th anniversary, Facebook has a gift for all of their users, A Look Back.

A Look Back is a feature by Facebook that provides a minute long personalized video for each user. It provides a look into their important moments on Facebook, giving us all a feeling of nostalgia and making us realize how far we have come along with Facebook.

The founder and CEO of Facebook Mark Zuckerberg also celebrated the anniversary with this post on his timeline.

According to The Verge, Facebook spent several weeks in creating this feature. For the last few years, Facebook also provided each user with images of their activity on Facebook in Year in Review feature at the end of each year.

Facebook 10 Years
Source: DPFOC

Facebook Paper App Available For Download

Facebook Paper Screenshot 3

The newest app by Facebook, Paper, has instantly become a hit in the iTunes App Store just after its official release. The app was released on February 3rd, 2014 for iOS 7.0 (or later) devices and is available for US citizens only. It is available to download from iTunes App Store.

Facebook Paper is actually a news reader app, similar to Flipboard and Google Currents. It is a news curation app that shows content from your Facebook’s news feed, which may include stories, photos, and videos from your subscribed sources as well. Paper allows users to customize their experience by customizing the sections showing stories from their Facebook news feed, external sources, and other reliable publications.

With Facebook Paper, you can also catch up with the news and stories that you may have missed. Paper is also integrated with the Facebook functionality that allows users to compose and share content from the app and access their Facebook messages and notifications as well.

Check out Facebook Paper review by TechCrunch.

Facebook Paper Screenshot Facebook Paper Screenshot 2