If you can’t buy it, build it. This seems to be the mentality behind one of Facebook’s latest developments, an ephemeral messaging app to rival that of Snapchat, according to the Financial Times. The app, labeled internally as “Slingshot,” will allow users to send each other photos and videos. The initiative is being overseen directly… Continue reading Is Facebook Building a Snapchat Killer?
Have you used WhatsApp lately? If so, you might have helped set a new messaging record. The real-time messaging app announced over Twitter last night that its users sent and received a record 64 billion messages in one day: new daily record: 20B messages sent (inbound) and 44B messages received (outbound) by our users =… Continue reading WhatsApp Users Send and Receive a Record 64 Billion Messages in One Day
You may have been shocked to hear that Facebook payed a whopping $19 billion to acquire mobile messaging service WhatsApp. But did you know that WhatsApp previously spurred a $10 billion offer from Google? Beyond the additional cash and stock options provided by Facebook, WhatsApp cofounder Jan Koum was also given a seat on the… Continue reading WhatsApp Reportedly Snubbed $10B Offer from Google Before $19B Facebook Buyout
Facebook announced some startling news yesterday: that it is acquiring global messaging app WhatsApp for a staggering $19 billion. The deal includes $4 billion in cash, about $12 billion worth of Facebook shares and about $3 billion in vested stock units to be distributed to WhatsApp employees over four years after the deal closes. Even… Continue reading Why Facebook Is Paying over $19 Billion for Messaging Service WhatsApp