WhatsApp deal highlights suite of similar apps

Thursday, February 20, 2014 - 06:30 in Mathematics & Economics

Facebook's announcement it is paying $19 billion in cash and stock to acquire WhatsApp is a milestone event in the short history of mobile messaging apps. Hundreds of millions of people have downloaded such apps to their smartphones and tablets to chat and share photos and videos for free, making them potent rivals to Facebook. WhatsApp alone has 450 million active monthly users.

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