The deal highlighted the app’s immense popularity

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sumona
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Joined: Thu Dec 26, 2024 6:29 am

The deal highlighted the app’s immense popularity

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Metaplatforms (formerly Facebook) acquired WhatsApp for $19 billion in 2014, transferring ownership of WhatsApp to Meta. This acquisition made WhatsApp a subsidiary of Meta rather than directly owned by Mark Zuckerberg. While Zuckerberg did not personally acquire WhatsApp, his substantial role as CEO and co-founder of Meta gives him significant influence over the company and its subsidiaries, including WhatsApp. As a major shareholder in Meta, Zuckerberg owns approximately 343.


91 million Class B Meta shares, valued at approximately $163 billion. These shares uk phone number data represent his significant financial interest in Meta and give him significant control over the company's strategic decisions. While Zuckerberg is not a direct individual shareholder in WhatsApp, his influence extends through his leadership role and substantial ownership in Meta. This control includes WhatsApp, Instagram, and other subsidiaries under the Meta umbrella. Owned by Meta (formerly Facebook) In February 2014, Facebook acquired WhatsApp for a staggering $19 billion, marking one of the most significant technology acquisitions in history.


and demonstrated Facebook’s strategic desire to expand its footprint in the global messaging space. Facebook CEO Mark Zuckerberg saw that WhatsApp had significant potential, particularly in regions where Facebook's core platform was less dominant, such as India, Brazil and parts of Africa. Meta-ecosystem: WhatsApp integration With the acquisition, WhatsApp became part of Meta's broader ecosystem, which also includes Facebook, Instagram, Messenger and the growing suite of VR and AR technologies.
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