Facebook Buying Messaging App WhatsApp for $16 Billion

Facebook Buying Messaging App WhatsApp for $16 Billion

Jordan Golson:

The company’s app is currently the 35th most popular on the App Store. Facebook says WhatsApp’s messaging volume is “approaching the entire global telecom SMS volume”, roughly 7 trillion message a year.

Facebook obviously consider “approaching the entire global telecom SMS volume” and having access to every user’s mobile number a bargain at $16 Billion. Interesting to watch where they go with their services now..