Popular Smartphone Messaging app WhatsApp's $19 billion acquisition by Social Network giant Facebook made Headlines this week.
While Some are applauding the move, and many other users are worried about WhatsApps future and their privacy after this acquisition.
Why So Serious?
WhatsApp currently having 450 million active users and processes 50 billion messages a day. Service charges a nominal service fee of $1/year, that means Facebook is buying at $42.22 per user.
These figures show, obviously future revenue from WhatsApp cant cover the acquisition cost in the short or mid-term.
WhatsApp founder said in a blog post.
So, What Facebook is planning for?
Facebook is by far the worlds most popular social network, with over 1.2 billion users worldwide, but all WhatsApp users may not have an account on Facebook. Facebook CEO Mark Zuckerberg posted on his wall,
that means Facebook could merge WhatsApp data with them, but Mark also said,
Mark Zuckerberg added.
Mark said,'Making them each great products for everyone'
By design, WhatsApp collects all contact information from phones and uploads that information to the company's servers. This is hugely valuable data that Facebook has apparently been after from last two years. In simple words, 'Facebook Just Bought 450 Million Phone Numbers in $19 Billion'.
WhatsApp claim that users messages are never stored on their server after delivery to the recipient. So we are expecting that Facebook could never dig into our private messages history, but that doesn't mean it will not store in the future.
Can we trust Facebook and WhatsApp?
Well, 70% users don't trust Facebook with their personal information, whereas a large percentage of users still trust WhatsApp for sharing personal information.
WhatsApp has many Security issues as well as privacy issues, but that hasn't scared off its more than 450 million users around the world.
