Popular Smartphone Messaging app’s $19 billion acquisition by Social Network giant Facebook made Headlines this week. WhatsApp currently having 450 million active users and processes 50 billion messages a day. Service charges a nominal service fee of $1/year, that means Facebook is buying at $42.22 per user. Some are applauding the move, and many other users are worried about WhatsApp’s future and their privacy after this acquisition. Facebook CEO Mark Zuckerberg posted on his wall, ” Our mission is to make the world more open and connected”
Source: https://thehackernews.com/2014/02/why-facebook-is-buying-whatsapp-for-19.html