The start of 19th February 2014 was not just about a normal day. Every tabloids whether international or national and every social networking sites such as Facebook and Twitter was painted with “Facebook acquiring Whatsapp for $19 billion”. It is known that Facebook has agreed to acquire WhatsApp for approximately $19 billion, which includes $4 billion in cash, about $12 billion worth of Facebook shares, and an additional $3 billion in restricted stock which is to be granted to WhatsApp’s founders and staffs.
WhatsApp has more than 450 million users a month and nearly 1 million sign-ups daily, according to Facebook. Whatsapp is a proprietary, cross-platform instant messaging subscription service for smartphones. In addition to text messaging, users can send each other images, video, and audio media messages as well as their location using integrated mapping features. The client software is available for Google Android, BlackBerry OS, Apple iOS, selected Nokia Series 40, Symbian, selected Nokia Asha platform, Microsoft Windows Phone and BlackBerry 10. WhatsApp Inc. was founded in 2009 by Americans Brian Acton and Jan Koum (also the CEO), both former employees of Yahoo!, and is based in Mountain View, California.
Facebook said it would keep WhatsApp as a separate service, just as it did with Instagram, which it bought for about $715.3 million.The social media giant also said WhatsApp co-founder and CEO Jan Koum would join Facebook’s board.
Hello smart gentlemen and bold ladies out there, How much money are you spending to make you fine today? How much money are you saving to make you fine tomorrow? By the time you read this, I am slightly trading ahead than you as a Financial Writer. I must remind you a fact that there is one who thinks and there is one who does, What is your choice?
I would honestly agree that I am an amateur financial writer for now but I am sure a day would come when I would be writing more professionally than ever. Finance is a short word for a vast concept and which has been fascinating me since my higher school days. I am sure that there are numerous people like me who find it fascinating too. I would try my best to add posts related to financial world which would help in imparting knowledge.
I hope this blogging site would help the readers to enhance their knowledge and to be financially literate.