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In January 2018, WhatsApp released a standalone business app called WhatsApp Business which can communicate with the standard WhatsApp client. The service was created by WhatsApp Inc. of Mountain View, California, which was acquired by Facebook in February 2014 for approximately US$19.3 billion.
WhatsApp introduces voice messaging. [13] Facebook, Inc. announces its acquisition of WhatsApp for US$19 billion, its largest acquisition to date. [14] Facebook pays $4 billion in cash, $12 billion in Facebook shares, and an additional $3 billion in restricted stock units granted to WhatsApp's founders.
He is the co-founder and former CEO of WhatsApp, a mobile messaging app which was acquired by Facebook in 2014 for US$19.3 billion. According to Forbes , he has an estimated net worth of US$15.2 billion as of October 2023, making him one of the richest people in the world. [2]
Meta Platforms (formerly Facebook, Inc.) is a technology company that has acquired 91 other companies, including WhatsApp. The WhatsApp acquisition closed at a steep $16 billion; more than $40 per user of the platform. Meta also purchased the defunct company ConnectU in a court settlement and acquired intellectual property formerly held by ...
In 2014, Koum and Acton sold WhatsApp to Facebook for approximately US$19 billion in cash and stock. Forbes estimated that Acton held over 20% stake in the company, making his net worth around $3.8 billion.
In January 2021, WhatsApp announced an update to its Privacy Policy which states that WhatsApp would collect the metadata of users and share it with Facebook and its "family of companies" starting in February 2021.