A 4SquareMedia Website

SECTIONS
> Wearable Technology
> Appliances
> Automation
> Automotive
> Buyers Guide
> CEDIA 2010
> Comment
> CES
> Content & Downloads
Applications
Downloads
Industry
IPTV
Music & Video
> Digital Photography
> Gaming
> Green Energy
> HD
> Home Cinema
> Home Office
> How Stuff Works
> Installation
> Portable Players
> Media Centres
> Phones
> Real Sound
> Reviews
> Smart Awards 2013
> Smart Ideas
> Trio Awards 08
> TVs & Large Display
> Wireless & Networking
PRODUCT REVIEW
> Featured Reviews
SERVICES
> Advertising
> Competitions
> Contact
> Disclaimer
> Signup
> Terms & Conditions
SUBSCRIBE
> Subscribe to Newsletter
> Subscribe to Magazine



Top 10 Viewed Articles
  1. Who Has The Best LCD TV: Sony, Toshiba Or Samsung?
  2. FIRST LCD TV REVIEW: LG Scarlet 60 Vs Samsung Series 6
  3. Sony PS4 Not Far Away
  4. The Humble PC Gets A Whopping Makeover
  5. Sony Bravia LCD TVs Vs Samsung LED HD TVs Which is Best?
  6. Toshiba Working With Microsoft On New Entertainment Xbox
  7. Blu-ray Xbox 360 Planned By Microsoft
  8. Massive Failure Rate For Xbox 360 Exposed
  9. Free Sony PS3 Con
  10. How To Build Your Own Digital Media Server: Part I
Top 10 Viewed Reviews
  1. First Review: Samsung Series 7 LED TV
  2. Movies On-The-Go With Teac DVD Boombox
  3. Who Has The Best 32-inch Screen: Panasonic, Samsung, or Sony?
  4. Who Has The Best Home Theatre Kit? Denon vs Bose
  5. Every Bit Of Defence Counts
  6. New Denon Home Theatre Makes Bose Look Like Yesterdays Technology
  7. Best Media Player On The Market
  8. At $1,499 The Aldi Medion 17-inch Notebook Is A Steal
  9. Affordable Noise Cancelling Headphones That Work
  10. B&W 600 Speaker Delivers Real Sound





SECTIONS / CONTENT & DOWNLOADS

If U Can't Beat 'Em...Facebook Buys WhatsApp $16Bn

By Oonagh Reidy | Thursday | 20/02/2014

The social network will cough up $4bn in cash and $12 bn in Facebook shares for the IM phenomenon


Facebook will buy WhatsApp for $16 billion in cash and shares, it announced today.  

The hugely popular WhatsApp instant messaging (IM) service has almost half a billion (450m) monthly users, loved for its emoticons, instant picture sending and group messaging. 

In fact, WhatsApp messaging volume is now almost equivalent the worlds texts (SMS) volume sent via telcos, and adds more than 1 million new users a day.


Compare this to Facebook, established in 2004 has 945 million active users, and the growth of WhatsApps is incredible, considering its less than 5 years old. 

The  move is another play by Facebook for the Internet users who are verging away from the original social network.

"WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable," said Mark Zuckerberg, Facebook CEO. 

"I've known Jan for a long time and I'm excited to partner with him and his team to make the world more open and connected."

It is not known if Facebook will look to change the IM service but said, WhatsApp's brand and 'core messaging ' will be maintained. 

WhatsApp headquarters will remain in Mountain View, California, and co-founder and CEO Jan Koum will join Facebook's Board.

Koum said, "we're excited and honored to partner with Mark and Facebook as we continue to bring our product to more people around the world."

Facebook's own Messenger app will continue to operate, as normal.  

It will also provide Whats App founder and staff $3 bn worth of additional Facebook restricted stock, which will be vested over four years, bringing the grand total Zuckerberg and Co. forked out, to $19 bn. 

WhatsApp was co-founded by Jan Koum and Brian Acton, two former Yahoo! employees. 

Print this article
Email this story to a friend
Link this story:
Link this page to delicious Link this page to Digg Link this page to Furlit Link this page to News Vine Link this page to Reddit Link this page to Spurl Link this page to Yahoo My Web RSS this section





LATEST REVIEWS
New LG 65   New LG 65" Ultra High Definition TV, Complete With Pop Down Speakers: REVIEW
LG Australia has finally rolled out their 65" Ultra High Definition TV offering in Australia and what you get is a TV that delivers a quantum leap in TV technology and surprisingly a significantly improved sound system that is delivered from pop down speakers but the big question is whether it is worth $6,999.
Product Rating 4.5

Westfield To Split   Westfield To Split
Shopping giant to separate ANZ, international operation
Product Rating 0

REVIEW:Note 3 Is The Best There Is In Phablet Smartphones   REVIEW:Note 3 Is The Best There Is In Phablet Smartphones
If you are one of those people who love technology but struggle to manage the hundreds of apps and the endless capabilities that today's smartphones are capable of delivering then the new Samsung Note 3 is not for you.
Product Rating 5




SMARTHOUSE NEWSLETTER
Get the latest news
Subscribe today for your daily news of consumer electronic news...
Get the latest news

ADVERTISE
SmartHouse
reaches over 2 million consumers a year. Contact us today about special deals..

For more information ...

LATEST ISSUE
Smarthouse's
Apr/May 2011 issue

reviews the hot new iPhone attach device, the Zeppelin Air. And we look at what's going on in the tablet space...