Thursday, February 20, 2014

Who Is WhatsApp’s Jan Koum?

In announcing Facebook’s deal to acquire the mobile-messaging app WhatsApp for $19 billion, Mark Zuckerberg said he’s “known Jan for a long time.” The rest of us, particularly people in the U.S., aren’t as familiar

Jan Koum co-founded WhatsApp along with Brian Acton, a former colleague atYahoo, and is the mobile-messaging company’s chief executive. He is taking on another big role: a Facebook board member.
But on his LinkedIn page, the 37-year-old Koum flies more under-the-radar. Helists himself as a QA tester and a senior tweet manager. If you want to know much more, he suggests, go see Brian’s profile. During his decade at Yahoo, he worked in infrastructure and security engineering. By his own admission in listing his education — barely graduating from MVHS in 1995 and dropping out of San Jose State University — he had other things on his mind.
Like its founder, WhatsApp is a quiet company. Sequoia says WhatsApp didn’t spend a single penny on marketing and is a veritable stranger in the U.S. — there is “no other home grown technology company that’s so widely loved overseas and so under appreciated at home,” the venture-capital firm said.
Not that WhatsApp didn’t toot its horn: Every two months the company announced its latest leap in monthly active users, usually to the tune of another 50 million. At last count, it had about 450 million active users.
In a December update, Koum said his company’s focus was on messaging and only messaging — no games, no advertising, no gimmicks. WhatsApp wants “to get out of the way. We want to let people have a conversation.”
In a Tumblr post on the deal Wednesday, WhatsApp investor Sequoia Capital talked about what shaped Koum’s focus on conversations: his experience emigrating to the U.S. as a 16-year-old and his desire to keep in touch with family back in Russia and Ukraine. (Forbes published a deep, deep profile Wednesday evening on Koum, his upbringing and how he built WhatsApp.)
Last May, Koum spent 30 minutes onstage at the D: Dive Into Mobile conference in New York. He talked through why the company was averse to advertising and selling the company (he said as much again months later), and why the app means so much to different people.

OMG! Only 14 listed Indian companies valued higher than WhatsApp


How big is the Facebook-Whats App deal? Sample this: Only 14 Indian listed companies are valued more than WhatsApp. These big 14 are: TCS , Reliance , ITC , ONGC , Infosys , Coal India , HDFC Bank , Wipro , Sun Pharma , Tata Motors , HDFC , HUL , Bharti Airtel and ICICI Bank .
Companies like SBI , NTPC , HCL Tech , Larsen , Cairn India and M&M are valued less than WhatsApp as per Wenesday's closing price. Here's more: WhatsApp has been valued more than combined listed media and retail stocks of India.
WhatsApp is valued more than some of global corporate giants like: Alcoa (USD 12.2bn), Blackstone Group ($17.8bn), The Gap ($19bn), Harley-Davidson ($14.1bn), Marriott International ($15.4bn), Moody's ($17.08bn), News Corp ($10.27bn), Nielsen ($17.6bn), Tiffany & Co. ($11.4bn) and Xerox ($13.2bn).

"WhatsApp is valued more than some of global corporate giants like Alcoa, Blackstone Group, Harley-Davidson, Nielsen and Xerox."
Social media was abuzz on Thursday, after Facebook Inc announced it will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock, as the world's largest social network looks for ways to boost its popularity, especially among a younger crowd.
Facebook said on Wednesday it will pay $4 billion in cash and about USD 12 billion in stock in its single largest acquisition, dwarfing the USD 1 billion it paid for photo-sharing app Instagram. As part of the deal, WhatsApp co-founder and Chief Executive Jan Koum will join Facebook's board, and the social network will grant an additional $3 billion worth of restricted stock units to WhatsApp's founders, including Koum.
In event the merger fails to obtain regulatory approval, Facebook has agreed to pay a breakup fee to WhatsApp of USD 1 billion in cash and issue to WhatsApp shares of Facebook Class A common stock equal to another $1 billion.
Some interesting numbers:
$104 billion Facebook's valuation at the time of its IPO.
$16 Billion Amount Facebook raised in its IPO.
$25 Billion Twitter's valuation at the time of its IPO.
$2.1 Billion Amount Twitter raised in its IPO.
$1 Billion Price Facebook paid for Instagram in 2012.
$8 Million Amount of capital invested in WhatsApp in 2011 by Sequoia Capital.
400,000,000: The number of active users, according to a December blog postfrom WhatsApp.
450,000,000: The number of active users, today, according to Facebook's press release.
70 per cent: Percentage of users who are active on the app on a daily basis.
1,000,000: The company says it's adding more than 1 million new users a day.
945,000,000: Monthly active users on Facebook, as of December 31.
230,00,000: Number of daily active users on Twitter.
50: The number of employees at WhatsApp
Five: WhatsApp is the fifth most downloaded app on Android devices.
Zero: Number of ads that appear on WhatsApp. The service doesn't sell ads


Facebook acquisition of WhatsApp: 12 facts on deal



Facebook Inc's acquisition of WhatsApp, the mobile messaging service, for $19 billion is by far the largest acquisition deal by a technology company. Here are the 12 facts about the Facebook-WhatsApp deal:
* Facebook is buying mobile messaging service WhatsApp for $19 billion in cash and stock.
* Facebook, world's biggest social networking company, is paying $12 billion in Facebook stock and $4 billion in cash for WhatsApp.
* Facebook's WhatsApp acquisition is Mark Zuckerberg-led company's biggest deal.
* Facebook-WhatsApp deal bigger than any that Google Inc, Microsoft Corp or Apple Inc have ever done.
* Facebook's WhatsApp deal translates to roughly nine per cent of Facebook's market value. In comparison, Google's biggest deal, Motorola Mobility, stood at $12.5 billion, while Microsoft's largest was Skype at $8.5 billion. Apple, meanwhile, has never done a deal above $1 billion.
* Facebook to keep WhatsApp as a separate service, just as it did with Instagram.
* WhatsApp is founded by Jan Koum, a Ukrainian immigrant who dropped out of college, and a Stanford alumnus, Brian Acton.
* WhatsApp is a Silicon Valley startup fairy tale, rocketing to 450 million users in five years and adding another million daily.
* While WhatsApp has more than 450 million monthly active users, Twitter, in comparison, had 241 million users at the end of 2013.
* Post deal with Facebook, WhatsApp founders and employees – 55 in all – will be granted restricted stock worth $3 billion that will vest over four years after the deal closes.
* With WhatsApp acquisition, the 10-year-old Facebook looks to attract its next billion users while keeping its existing 1.23 billion members, including teenagers, interested.
* Facebook-WhatsApp deal is expected to close later this year.

Facebook buys Whatsapp most expensive deal , Other big buys!!!





   Facebook's purchase of messaging service WhatsApp for up to $19 billion in cash and stock is one of the largest acquisitions ever in the technology sector.

    Here are some other notable deals involving US tech companies, in order of dollar amount from largest to smallest:



Hewlett-Packard buys Compaq - September 2001
US technology giant Hewlett-Packard buys Compaq Computer for $25 billion in a bid to compete with IBM.
    
Google buys Motorola Mobility - August 2011
Internet search giant Google buys the handset business of Motorola for $12.5 billion in a bid to challenge Apple in the smartphone market. Less than three years later, Google sold Motorola to China's Lenovo for $2.91 billion.
    
Hewlett-Packard buys Autonomy - August 2011
US technology giant Hewlett-Packard buys British enterprise software companyAutonomy for $10.24 billion. US authorities later open an investigation amid HP accusations that Autonomy had engaged in "accounting improprieties."
    
Microsoft buys Skype - May 2011
Microsoft buys Internet voice and video leader Skype for $8.5 billion, the largest acquisition ever by the US software giant.
    
Oracle buys Sun - April 2009
US business software giant Oracle buys struggling Sun Microsystems and its Java programming language for $7.4 billion.
    
Microsoft buys Nokia - September 2013
Microsoft buys the handset business of former market leader Nokia for $7.2 billion in an effort to catch up to rivals Apple and Google in the smartphone market.
    
Google buys YouTube - October 2006
Internet search giant Google buys online video platform YouTube in October 2006 from its founders, Steve Chen and Chad Hurley, for $1.65 billion.
    
Ebay buys Paypal - June 2002
Online auction house eBay buys online payments firm PayPal for $1.5 billion.
 
Yahoo! buys Tumblr - May 2013

Former Google executive Marissa Mayer makes her biggest purchase since taking over as CEO of Yahoo, buying the popular blogging platform Tumblr for $1.1 billion.
 
Facebook buys Instagram - April 2012

Facebook offers $1 billion for hot smartphone photo-sharing service Instagram. The purchase of Instagram was Facebook's largest until the WhatsApp deal.

Facebook buys Whatsapp

Facebook buys Whatsapp for $19 billion Dollar why??

Facebook founder Mark Zuckerberg has released a statement explaining why his company has paid $19bn for mesaging service WhatsApp. Here is the release in full.


Here are some words from Mark Zuckerberg : 
"I’m excited to announce that we’ve agreed to acquire WhatsApp and that their entire team will be joining us at Facebook.Our mission is to make the world more open and connected. We do this by building services that help people share any type of content with any group of people they want. WhatsApp will help us do this by continuing to develop a service that people around the world love to use every day.
      WhatsApp is a simple, fast and reliable mobile messaging service that is used by over 450 million people on every major mobile platform. More than 1 million people sign up for WhatsApp every day and it is on its way to connecting 1 billionn people. More and more people rely on WhatsApp to communicate with all of their contacts every day.
     WhatsApp will continue to operate independently within Facebook. The product roadmap will remain unchanged and the team is going to stay in Mountain View. Over the next few years, we're going to work hard to help WhatsApp grow and connect the whole world. We also expect that WhatsApp will add to our efforts forInternet.org, our partnership to make basic internet service affordable for everyone.
     WhatsApp will complement our existing chat and messaging services to provide new tools for our community. Facebook Messenger is widely used for chatting with your Facebook friends, and WhatsApp for communicating with all of your contacts and small goups of people. Since WhatsApp and Messenger serve such different and important uses, we will continue investing in both and making them each great products for everyone.
     WhatsApp had every option in the world, so I’m thrilled that they chose to work with us. I’m looking forward to what Facebook and WhatsApp can do together, and to developing great new mobile services that give people even more options for connecting.
     I've also known Jan [Koum, WhatsApp founder and chief executive] for a long time, and I know that we both share the vision of making the world more open and connected. I'm particularly happy that Jan has agreed to join the Facebook board and partner with me to shape Facebook's future as well as WhatsApp's.
     Jan and the WhatsApp team have done some amazing work to connect almost half a billion people. I can’t wait for them to join Facebook and help us connect the rest of the world."

     In a statement released late on Wednesday, Facebook said it is buying Mountain View, California-based WhatsApp for $4 billion in cash and $12 billion worth of Facebook shares. As part of the acquisition, WhatsApp founders and employees will get another $3 billion in Facebook stock that they can cash in after four years.

     WhatsApp will continue to co-exist as an autonomous company, Zuckerberg told investors in a conference call, adding the Facebook messaging service Messenger was not a rival.

     Facebook has moved aggressively in recent years to catch up with the global shift towards mobile from desktop computing. It paid $1 billion to acquire Instagram in 2012.
It tried, and failed, to buy Snapchat for $3 billion in 2013.
     Both companies refused to give geographical breakdowns of subscribers, but BGR, a tech news service, has reported that WhatsApp had 35 million users in India in January, picking up 5 million in just a month.
     This wildly popular app, which is free in the first year, is among many messaging services that enable smartphone users to go around their cellular texting plans that come with costs and caps.