Facebook Buying Messaging App WhatsApp for $16 Billion
The purchase, $4 billion in cash plus $12 billion in Facebook shares and potential for an additional $3 billion in employee stock payouts, will see WhatsApp founder Jan Koum joining Facebook's board of directors.
It finally happened. Facebook has been trying to replace mobile instant message platforms with Messenger for quite a while now, and it looks like they’ve finally admitted defeat. Mark Zuckerberg and co haven’t (yet) ruined Instagram, so here’s to hoping Whatsapp will remain usable for the foreseeable near-future.