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Facebook's Mark Zuckerberg confirms no plans to monetize WhatsApp in the near-future: Reuters

Facebook completed the acquisition of WhatsApp on Monday. Today however CEO Mark Zuckerberg allayed fears about the future of the social messaging service by saying that they have no near-term plan t

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Facebook completed the acquisition of WhatsApp on Monday. Today however CEO Mark Zuckerberg allayed fears about the future of the social messaging service by saying that they have no near-term plan to make money from the service, Reuters reports.

Facebook had initially made a bid for $19 billion to acquire WhatsApp, but by the time the deal was closed it had risen to $22 billion. The rise in the price is because of the increased value of Facebook’s stock in recent months. WhatsApp currently runs an ad-free service, and seems like it is going to remain the same in the near future. The app has 600 million monthly users across the world out of which 70 percent of them use WhatsApp daily.

Zuckerberg, who is on a two-day visit to India, today spoke at the Internet.org summit in New Delhi. He talked in length over the Internet adoption in India, and suggested ways in which they could offer Internet access to everyone in the country. He is also scheduled to meet Prime Minister Narendra Modi before returning.

  • Published Date: October 9, 2014 6:27 PM IST
  • Updated Date: October 10, 2014 9:58 AM IST