Arab Today, arab today facebook\s zuckerberg whatsapp worth over 19bn
Last Updated : GMT 06:37:29
Arab Today, arab today
Arab Today, arab today

Facebook\'s Zuckerberg: WhatsApp worth over $19bn

Arab Today, arab today

Arab Today, arab today Facebook\'s Zuckerberg: WhatsApp worth over $19bn

Barcelona - AFP

Billionaire Facebook founder Mark Zuckerberg on Monday defended his huge $19 billion takeover of free mobile messaging service WhatsApp, saying it is actually worth much more. The 29-year-old Facebook chief announced the stock and cash purchase on Wednesday, a deal that marries his social network of 1.2 billion active users with Whatsapp's 450 million users. Asked about the price tag during an on-stage discussion at the February 24-27 Mobile World Congress in Barcelona, Spain, Zuckerberg said WhatsApp was attractive as a company by itself, and as a strategic fit with Facebook. "I just think that by itself it is worth more than $19 billion [14-billion-euro]," said Zuckerberg, wearing a grey t-shirt, sneakers and black trousers. "I mean it is hard to exactly make that speech today because they have so little revenue compared to that number," he conceded. "But the reality is that there are very few services that reach a billion people in the world. They are all incredibly valuable, much more valuable than that," he added. "I could be wrong. This could be the one service that gets to a billion people and ends up not being that valuable. I don't think I am." Other Android messaging applications such as KakaoTalk, Vine and WeChat were already bringing in two to three dollars a person "with pretty early efforts", he said. - 'Going to be a huge business' - "That shows that if we can do a pretty good job of helping WhatsApp to grow then this is just going to be a huge business," Zuckerberg said. "So even just independently I think it is quite a good bet." In partnership with Facebook, WhatsApp can focus on connecting "one, two, three billion people over the next however long that is going to take," Zuckerberg said. The Facebook boss said he and WhatsApp founder Jan Koum shared a vision of connecting everyone in the world to the Internet, delivering development benefits and in the longer term profits, too. Zuckerberg said Facebook planned to leave the WhatsApp service unchanged. "WhatsApp doesn't store the content," he said. "We would be pretty silly to get in the way of that." Hours earlier, WhatsApp's Koum said the messaging service would launch free voice calls by mid-year, putting it on a par with key competitor Viber which already does so. He, too, stressed that Facebook did not plan to change WhatsApp. "Mark really understands that for WhatsApp to be successful it really needs to stay independent," he said. Zuckerberg has come a long way in the mobile world in a short time. When Facebook sold its shares to the public in an initial public offering in May 2012, "it literally had no mobile advertising revenues", said Eden Zoller, analyst at the research house Ovum. "It did actually have a pretty strong mobile user base at IPO but what it had failed to do at that time was actually monetise those mobile users," she said. At the time of the float, worries over the lack of money coming in from the mobile business sent Facebook's shares sliding. But the social network -- boasting more than 1.2 billion members -- quickly repaired its strategy. By the end of 2013, mobile devices accounted for 53 percent of Facebook's advertising revenue, bringing in $1.2 billion in the last quarter and more than $3 billion over the whole year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today facebook\s zuckerberg whatsapp worth over 19bn Arab Today, arab today facebook\s zuckerberg whatsapp worth over 19bn

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today facebook\s zuckerberg whatsapp worth over 19bn Arab Today, arab today facebook\s zuckerberg whatsapp worth over 19bn

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday