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Uh, Facebook Just Paid 16 Billion Dollars for WhatsApp

Uh, Facebook Just Paid 16 Billion Dollars for WhatsApp

You know what’s cooler than a billion dollars? Sixteen billion dollars, which is exactly how much Facebook is paying for WhatsApp, a cross-platform messaging app that certainly doesn’t seem like it’d be worth a sizable chunk of the global economy, but what do we know? Actually, you throw in an extra three billion dollars in stocks that Facebook is passing along to WhatsApp’s owners, and you’re looking at a 19 billion dollar sale, making the Great Instagram Purchase of 2012 seem about as momentous as trading baseball cards.

The app, co-founded by Jan Koum, has about 450 million users and is said to be adding a million users per day, so it’s certainly an investment on Facebook’s part. “WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable,” said Mark Zuckerberg in Facebook’s press release. “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” …

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