Acton, one of the two cofounders of WhatsApp, opened up about his personal feelings on the pending Facebook acquisition in his first speaking engagement ever at StartX, a startup incubator affiliated with Stanford University, on Wednesday night.
If its good enough for Facbook...
Chinese online retail giant Alibaba has jumped into the messaging market with a $215 million investment in Tango, a four-year-old messaging and social-networking app.
Part of a total fundraising round of $280 million, the investment provides Tango with capital to compete in the increasingly high-stakes competition between messaging apps that has blossomed outside the U.S.
I'm excited to announce that we've agreed to acquire WhatsApp and that their entire team will be joining us at Facebook.
Our mission is to make the world more open and connected. We do this by building services that help people share any type of content with any group of people they want. WhatsApp will help us do this by continuing to develop a service that people around the world love to use every day.
Facebook the social networking giant was forced to issue an apology in a statement today after its new US$16billion acquisition WhatsApp went down for almost 3 hours. WhatsApps team behind the scenes of the messaging app that was acquired by Facebook last week revealed the fault was caused by "Server Issues". The popular application's chat conversations - used by more than 450 million people globally each month - showed a loading asterisk and alert, 'Connecting...' while the problems lasted.
WhatsApp used its @wa-status account to tweet at 8:16pm: 'Sorry we currently experiencing server issues. We hope to be back up and recovered shortly.'
At 10.48pm it announced the problems had been fixed, tweeting: 'WhatsApp service has been restored. We are so sorry for the downtime...'
Some users complained about the problems, while others joked that the WhatsApp team had gone on holiday following their multi-billion dollar purchase deal with Facebook. Facebook announced on Thursday that its deal with WhatsApp comprised 4 billion US dollars in cash and 12 billion US dollars worth of Facebook shares. The agreement also provides for an additional three billion US dollars (£1.8 billion) in restricted stock units to be granted to WhatsApp's founders and employees to be paid in four years.
Around 70 per cent of WhatsApp's monthly 450 million users use the application every day, Facebook said.
The US$19 billion purchase of WhatsApp mobile messaging service by Facebook, currently trends as the largest purchase by a venture capital backed firm ever. Facebook closed an agreement to buy WhatsApp for a record breaking US$19 billion in a mix of cash and stock, a mega deal that dwarfs Facbook’s earlier purchase of Instagram for a mere US$ 1 billion in 2012. This by far has to be one of the largest deals concluded in a market where tech and mobile startups deal in astronomical prices.