Facebook Pays 19 Billion For App

Facebook Pays 19 Billion For App

TechCrunch News Video Events Crunchbase TechCrunch Store About Staff Contact Us Advertise With Us Event & Editorial Calendar Send Us A Tip Activations Blog International China Europe Japan Follow TechCrunch Facebook Twitter Google+ LinkedIn Youtube Pinterest Tumblr Instagram StumbleUpon Feed TechCrunch Apps iOS Android Windows 8 Subscribe to The Daily Crunch Latest headlines delivered to you daily Subscribe to Subscribe to The Daily Crunch Enter Email Address Subscribe 2013-2018 Oath Tech Network. Through mobile payments that are widespread in places like Africa, WhatsApp could monetize where its tough for its parent. Chorus Terms of Use Privacy Policy Communications Preferences Contact Send Us a Tip Masthead Sponsorships Podcasts Newsletters RSS .. So rather than trying to pay what WhatsApp was worth a year ago, it resigned to pay what it may be worth one day. Zuck had to be crazy, right? Wrong. Page Not Found Our apologies, the content you requested cannot be located. Customer Service Customer Center Live Help Redesign Guided Tour . Its Snapcash feature lets you quickly pay friends through Square Cash. Facebook offers its own messaging services for smartphones including a SnapChat clone but WhatsApp gives it instant access to a new and relatively large group of youngsters who are actively messaging each other on a daily basis. Follow Reuters: Follow Us On Twitter Follow Us On Facebook Follow Us On RSS Follow Us On Instagram Follow Us On YouTube Follow Us On LinkedIn Subscribe: Feeds Newsletters Podcasts Apps Reuters Plus Reuters News Agency Brand Attribution Guidelines Careers Reuters, the news and media division of Thomson Reuters, is the worlds largest international multimedia news provider reaching more than one billion people every day. X. Subscribe Why Subscribe? WSJ+ Corporate Subscriptions Apps Professor Journal Student Journal . While you might spend longer in total scrolling through Facebook, Instagram, Twitter or Pinterest, the frequent short sessions with chat apps make them a vector for other experiences. That means theyre more valuable than they might first appear. Why fumble with a bunch of different apps, passwords, and payment methods when you can do it all while you chat? Even Snapchat is expanding far beyond messaging. Suddenly, Facebook would be battling a deep-pocketed competitor to replace SMS as the way the world chats. Revealed today in a filing with the Securities and Exchange Commission, the deal is Facebook's largest acquisition to date, but it's just the sort of move the company was expected to make. By taking a cut of commerce, or charging for promotion of content, it could keep chat lean and clean while monetizing other parts. So when Facebook announced it would pay $19 billion to acquire WhatsApp an app most American pundits had never used it seemed ludicrous. It provides its users with the ability to create a profile, update information, add images, send friend requests, and accept requests from other users. All rights reserved. distribution plans are thwarted again as AT&T reportedly backs out of adeal 1 hour ago by Brian Heater Kodak announces ICO, stock jumps44% 2 hours ago by Matt Burns Alexa now suggests more games to try at the end of the one youreplaying 2 hours ago by Sarah Perez Every Overwatch League game will be streamed on Twitch for the next twoyears 3 hours ago by Jonathan Shieber The CEO of London proptech startup Goodlord is departing after nearly 40 employees are letgo 3 hours ago by Steve O'Hear Google shuts down its CES booth because its notwaterproof 3 hours ago by Frederic Lardinois Ford taps Qualcomm to ensure cars can talk to everythingelse 3 hours ago by Darrell Etherington Ford and Autonomic are building a smart city cloudplatform 3 hours ago by Darrell Etherington . Its features include status update, photo tagging and sharing, and more. Facebook Facebook is shutting down its standalone personal assistantM Facebook and Sony/ATV reach a licensing deal to let people post musicvideos A look back at the year that the Sub-Saharan African startup scene found itsstride Browse more. And no one cares who owns apps. Snapchat has become one of the banes of Facebooks existence, and Id imagine Facebook wasnt willing to let it happen again abroad. Africa Amrica Latina Argentina Brasil Canada Deutschland Espaa France India Italia Mxico United Kingdom United States . This page will be redirected to ibtimes.co.uk home page in 180 seconds.. The answer is it doesnt have to. Some Kickstarter backers and early developers moaned when Facebook acquired Oculus. But if you squint, those statuses look quite similar to what people post to the Facebook feed. The messaging apps from Asia are proving this as we speak. According to Facebook, the service now spans 450 million monthly users, and about 70 percent of those are active on any given day. Clearly, Facebook recognizes that its future lies with tools like WhatsApp. Most Popular This 15-foot tall mech weighs 8,000 lbs and can run 20mph 19 minutes ago by Matt Burns Googles first WorldSense VR headset, the Lenovo Mirage Solo, ships in Q2 for under$400 1 hour ago by Lucas Matney Huaweis U.S. Without WhatsApp, Facebooks international situation would look a lot dicier. 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