Facebook closed its acquisition of WhatsApp Messenger this week after it finally got European Union approval last week. The firm had received approval in the U.S. way back in April.
Despite having 600 million users, which would be tempting for any company to capitalize on, Facebook CEO Mark Zuckerberg says it has no near-term plan to make money from the service, which echoes earlier statements from the executive.
Facebook is focused on delivering long-term growth to WhatsApp
Facebook instead appears to be laser focused on delivering long-term growth to the messaging platform. In fact, Zuckerberg believes the app can get to 3 billion users in the future.
Facebook was originally set to pay $19 billion for WhatsApp, but its final price tag rose an additional $3 billion to roughly $22 billion because of the increased value of Facebook’s stock in recent months.
Despite privacy issues stemming from the acquisition by Facebook, WhatsApp continues to dominate the vast messaging market.
Are you happy to hear that WhatsApp won’t have ads (yet)?