Hmmm,okay $19billion is like 1.6 Trillion Kenya Shillings.Yeah as huge as our National budget.This means whatsapp could just ride our annual economy.Anyway I'm just noting that to show what technological inventions can do.
Recently I covered an article about a possible demise of facebook from the high status of social networking it enjoys.Zuckeberg seems to have overreacted,though in a surprisingly greater move.Is it true that messaging apps are now taking over
"The deal marks the coming-of-age of messaging apps, which let people send
text messages and share photos and other stuff without incurring
charges from telecoms firms. WhatsApp is free to use for 12 months and
then costs a mere 99 cents a year. Plenty of other such apps have sprung
up, including Viber, which Rakuten, a Japanese internet giant, recently
bought for $900m, and the immensely popular WeChat, which belongs to
Tencent, an innovative Chinese company."says The Economist.
Whatsapp now adds a million users a day.
"But does the whopping price tag for WhatsApp make sense? Assuming it
keeps adding users at its current rate of 1m a day—and they end up
paying for its service—it could generate hundreds of millions of dollars
of revenue. Twitter, which reported $665m of revenue last year, has a
market capitalisation of $30 billion. Much will depend on how well Mr
Zuckerberg gets on with Jan Koum, the boss of WhatsApp, who is joining
Facebook’s board and will run the app as an independent business. Mr
Koum, who has a well-known aversion to collecting people’s data and
plastering advertising over his app, seems an odd bedfellow for
Facebook. But the deal was clearly one that he couldn’t refuse."The Economist
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