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Facebook’s WhatsApp acquisition closes with a $22bn price tag

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Facebook's WhatsApp acquisition closes with $22bn price-tag

SOCIAL NETWORK Facebook’s acquisition of messaging app WhatsApp is a done deal, costing it $3bn more than originally planned.

When first announced earlier this year,Facebook said that WhatsApp would cost it $16bn, plus up to $3bn in stock for the app’s founders. However, on Monday it was revealed via a US Securities and Exchange Commission filing that the deal is now worth $21.8bn in total, due to the higher value of Facebook stock.

This regulatory filing also reveals that WhatsApp founder Jan Koum will receive almost $2bn in stock over a four-year period, as an inducement for him to stay with the company. Koum, who will serve as WhatsApp Chief Executive and become a Facebook director, likely will welcome this, as he will also receive the same $1 annual salary as Facebook founder Mark Zuckerberg, and will not be eligible for any Facebook bonuses.

In a joint statement, the companies said on Monday that they were “looking forward to connecting even more people around the world, and continuing to create value for the people who use WhatsApp.”

The closure of the Facebook’s WhatsApp acquisition comes just days after European regulators gave the deal the thumbs up, saying it does not pose a thread to the mobile communications app market.

Joaquín Almunia, said in the ruling, “Consumer communications apps keep European citizens connected and are becoming increasingly popular,” Almunia said.

“While Facebook Messenger and Whatsapp are two of the most popular apps, most people use more than one communications app. We have carefully reviewed this proposed acquisition and come to the conclusion that it would not hamper competition in this dynamic and growing market.

“Consumers will continue to have a wide choice of consumer communications apps. This is a very dynamic market with several competing apps available on the market, such as Line, Viber, iMessage, Telegram, Wechat and Google Hangouts.”

source:http://www.theinquirer.net/inquirer/news/2374216/facebooks-whatsapp-acquisition-closes-with-a-usd22bn-price-tag

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Internet

Instagram is working on a new messaging app

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Rivaling Snapchat, Threads will enable users to automatically share their location, movements, and battery life with their IG ‘close friends’ list

Now Facebook is a wasteland for your racist aunt and high school friends’ wedding photos, the platform is determined to maintain its social media stronghold via Instagram and WhatsApp (sorry, ‘Instagram and WhatsApp from Facebook’). Its latest venture? A new messaging app called Threads.

As reported by The Verge, Threads will be a companion app to Instagram, promoting constant sharing between users and their IG ‘close friends’ list. The app will enable people to automatically share their location, movements, and battery life with each other, as well as send text, photo, and video messages.

The development could be seen as another attempt to rival Snapchat – which already lets users share their location – following Instagram’s introduction of Stories three years ago.

Instagram has been trying to develop the messaging side of its app since late 2017 when the company started working on Direct, a standalone camera-first app exclusively for DMs. The platform ceased work in May this year after research revealed users found it frustrating to switch apps when they wanted to send a message – although this is exactly what happened with Facebook Messenger in 2016.

Screenshots acquired by The Verge show that users have the option to switch on automatic sharing, but are also able to update their statuses manually. Although Threads encourages friends to share their location with one another, it will reportedly show updates like ‘on the move’, rather than a real-time location.

The app’s main feed will show all messages, as well as friends’ updates and active status, and will allow users to watch their close friends’ IG stories as opposed to having to go back to Instagram to view them.

This announcement comes after a number of updates to the platform, including the removal of likesan anti-bullying feature, and a tool to report fake news. Although, there’s currently no launch date for Threads, and given Instagram’s history with fucked-up trials, it may never even materialise.

Source: https://www.dazeddigital.com/science-tech/article/45768/1/instagram-facebook-new-social-media-messaging-app-threads-to-rival-snapchat

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Massive change coming to WhatsApp with introduction of ads

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WhatsApp will see a massive change by 2020 with the introduction of adverts into the instant messaging app.

It’s been rumoured for a while and now WhatsApp looks set to finally bring adverts to its popular messaging app.

The Facebook-owned firm revealed the news during its annual Marking Summit in the Netherlands, with a rollout expected next year.

Photos of the way these new adverts will look have even been posted online with attendee Olivier Ponteville, giving fans a closer look at what’s to come.

The image, which can be seen on Twitter, shows how ads currently appear on Facebook and Instagram with a WhatsApp screenshot then revealed with a full-screen advert.

According to technology website BGR, once the message appears users will be able to “swipe up when an ad appears for more information about the product or service being advertised.”

Adverts in WhatsApp have been spoken about for a while but this is the first evidence that things are changing within the popular service.

How fans react is yet to been seen but it’s unlikely to go down well with its billions of users.

The bad news is that it seems there’s nothing that can be done to stop this new feature from arriving within the app.

It seems almost certain that there will be no way to switch them off or hide these paid-for messages which may prove to be hugely irritating.

Source: https://www.thenewsguru.com/technology/internet/article/massive-change-coming-whatsapp-introduction-ads/

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Facebook Messenger finally adds quoted replies

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Today Facebook Messenger has added a sorely missing feature – quoted replies. This allows you to reply to a specific message in a conversation, and is incredibly helpful when you’re engaged in chats that have a big range of topics. Using the new feature, the people you’re talking to will now know exactly what you were replying to with that “LOL”, for example.

This has been a feature in WhatsApp, which is also owned by Facebook, for a very long time, and it’s always been sort of a baffling omission in Messenger. So it’s good to finally see it there too.

In order to quote a specific message, long tap on it and you’ll see a new Reply button to the right of the reaction emojis. Tap that, write your reply, and, just like in WhatsApp, the message you’re replying to will appear above your reply. Easy. This potentially means you’ll have less misunderstandings with your friends as to which message was referencing what.

The feature is rolling out now on both iOS and Android.

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