In April, Google was rumored to be interested in purchasing WhatsApp for $1 billion, and many criticized WhatsApp for turning down the deal. The goal is to eventually attract over 1 billion users. ![]() Zuckerberg has echoed this statement, saying, “I don’t personally think ads are the right way to monetize messaging.” Instead, WhatsApp will use Facebook’s resources to focus on growth. Although at the time of the acquisition WhatsApp’s privacy policy contained an express provision stating that it reserved the right to transfer users’ personal data to a third party in the event of. WhatsApp also has a policy of “No Ads! No Games! No Gimmicks!” and promised that Facebook will not compromise these principles. Facebook is currently under scrutiny worldwide as it grapples with the aforementioned risks resulting from its acquisition of WhatsApp in 2014. WhatsApp has 450 million active users, and a blog post by Sequoia said that more than a million people install the app every day. Zuckerberg had no intention of making a deal and made a farce of the meeting by showing up late, wearing pajamas and listing reasons why Sequoia should never invest in him. What’s interesting is that Facebook founder and CEO Mark Zuckerberg actually met with Sequoia back in 2004 to pitch his idea for Wirehog. The firm also led a $50 million round of investing in Instagram before Facebook acquired it in April 2012 for about $1 billion. ![]() This isn’t even the first time Sequoia has profited from a Facebook acquisition. Some estimate that Sequoia owns almost 20 percent of WhatsApp, a stake now worth about $3 billion – a 50x return on Sequoia’s initial investment. Sequoia invested $8 million in Series A funding of WhatsApp and led two subsequent rounds of funding totaling about $1.3 billion. Facebook’s acquisition of WhatsApp is also the largest purchase of a venture-backed company in history, and venture capital firm Sequoia Capital stands to make billions from its investment in WhatsApp. ![]() The WhatsApp team will get a nice paycheck, but it isn’t the only ones profiting from the deal. Learn more about the ins and outs of instant messaging and mobile security. In 2016, WhatsApp launched its video chat feature. The acquisition weakened WhatsApps privacy rules and introduced new add-ons, such as WhatsApp business. ( NASDAQ: FB) made a big splash Wednesday, when it announced that it would purchase WhatsApp, a popular mobile messaging app, for a total of $19 billion in cash and stock. In 2014, Facebook bought WhatsApp for 19 billion. Facebook's buy of WhatsApp places the world's largest social network closer to the heart of mobile communications.
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