Why Facebook spent $19 billion on WhatsApp

By Casey Frye, CCNN Writer

FB Wha'sApp
Facebook’s Messenger app is not going anywhere.

Just this past Wednesday, social media site Facebook bought WhatsApp, a popular phone application that allows cell phone owners to send texts across all carriers for free. The company claims they aren’t really going to make any changes to the messaging app, they just wanted to get that much closer to their goal of connecting the world more deeply.

According to a Facebook press release, WhatsApp has at least 450 million users in a single month, and 70% use the app on a daily basis. Since the messaging company gains more than 1 million users every day, they are still a rapidly growing business.

Though these numbers are much larger than the Facebook Messenger app has managed to pull off, the social media site boasted more than 1 billion monthly active users as of December 31, 2013. Combined, the two social platforms send more than 1 billion photos and 30 billion messages per day. According to founder Mark Zuckerberg, who was recently named the most generous person of 2013, each app serves a different purpose for the world.

Featured image courtesy of  Sam Azgor on Flickr. Image of messenger icon courtesy of tetsukun0105 on Flickr.