WhatsApp, the world’s most popular messaging app, is owned by Facebook. The social media giant acquired the company in 2014 for a whopping $19 billion, and it has been a part of the Facebook family ever since. The acquisition was seen as a bold move by Facebook at the time, but it has since turned out to be one of the shrewdest investments in tech history.
WhatsApp was founded in 2009 by Jan Koum and Brian Acton, two former Yahoo employees. It quickly gained traction as one of the easiest ways to communicate over mobile phones, and it eventually had more than 700 million users worldwide by February 2014. Its reputation for reliability, privacy, and ease-of-use made it an attractive acquisition Target for Facebook.
The deal was finalized in October 2014 with Facebook paying $4 billion in cash and $12 billion worth of stock for WhatsApp. The remaining $3 billion was to be paid out over time based on performance milestones being achieved. This made WhatsApp one of the most expensive acquisitions ever made at that time and was seen as a sign of Facebook’s commitment to its messaging platform strategy.
Since then, WhatsApp has grown to become even more popular than before and now boasts more than 2 billion users worldwide—a figure that keeps increasing each day. It is also available on multiple platforms including iOS, Android, Windows Phone, and even desktop computers through its web version.
Facebook has managed to keep WhatsApp focused on its core mission while also introducing features such as end-to-end encryption and improved multimedia support which have made it even more secure and user friendly. All these features have helped make WhatsApp an indispensable tool for people all over the world who rely on it for communication needs both personal and professional alike.
So who currently owns WhatsApp? The answer is simple: Facebook does! The social media giant acquired the company back in 2014 for a hefty sum of money but since then it has proven to be a wise investment as WhatsApp continues to grow in popularity with each passing day thanks to its reliable service offerings.
Conclusion:
In conclusion, Facebook currently owns Whatsapp after acquiring it back in 2014 for a hefty sum of money which proved to be an incredibly wise investment down the line as Whatsapp continues to grow in popularity with each passing day due its reliable service offering.