Facebook Drops $19B to Catch Up Abroad
Facebook Messenger has been getting destroyed in Europe and emerging markets. That's the reason behind Facebook's eye-popping $19 billion purchase of messaging service WhatsApp, announced Wednesday. As TechCrunch points out:
With 450 million monthly users and a million more signing up each day, WhatsApp was just too far ahead in the international mobile messaging race for Facebook Messenger to catch up, as you can see in the 2013 chart above. Facebook either had to surrender the linchpin to mobile social networking abroad, or pony up and acquire WhatsApp before it got any bigger. It chose the latter.
Founded in 2009 by Jan Koum and Brian Acton, former Yahoo executives, WhatsApp sees around 70 percent of its 450 million users active on a daily basis. The New York Times broke down the numbers to Facebook paying $40 per user.
Mark Zuckerberg has reportedly been circling WhatsApp for the past 2 to 3 years and pulled the trigger before the price went any higher.
“WhatsApp is on a path to connect one billion people. The services that reach that milestone are all incredibly valuable,” Mark Zuckerberg, Facebook’s founder and chief executive, said in a statement. “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,” he added, referring to Koum, WhatsApp’s chief executive.
Facebook may have lost out on SnapChat, but the company is in a better position now to gain the world, at least in terms of the messaging market.
Image credit: Sean MacEntee/Flickr
How a cataclysm worse than what killed the dinosaurs destroyed 90 percent of all life on Earth.
While the demise of the dinosaurs gets more attention as far as mass extinctions go, an even more disastrous event called "the Great Dying” or the “End-Permian Extinction” happened on Earth prior to that. Now scientists discovered how this cataclysm, which took place about 250 million years ago, managed to kill off more than 90 percent of all life on the planet.
A new study discovers the “liking gap” — the difference between how we view others we’re meeting for the first time, and the way we think they’re seeing us.
We tend to be defensive socially. When we meet new people, we’re often concerned with how we’re coming off. Our anxiety causes us to be so concerned with the impression we’re creating that we fail to notice that the same is true of the other person as well. A new study led by Erica J. Boothby, published on September 5 in Psychological Science, reveals how people tend to like us more in first encounters than we’d ever suspect.
Using advanced laser technology, scientists at NASA will track global changes in ice with greater accuracy.
Leaving from Vandenberg Air Force base in California this coming Saturday, at 8:46 a.m. ET, the Ice, Cloud, and Land Elevation Satellite-2 — or, the "ICESat-2" — is perched atop a United Launch Alliance Delta II rocket, and when it assumes its orbit, it will study ice layers at Earth's poles, using its only payload, the Advance Topographic Laser Altimeter System (ATLAS).
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