These Charts Perfectly Explain Why Companies Are Going Crazy Spending Billions On Messaging Apps
Advertisement
Facebook just bought WhatsApp for $19 billion, which is its biggest competitor in social messaging. WhatsApp is used by 450 million people to send a variety of texts, photos, videos and more to friends all over the world for free.
Advertisement
Messaging apps have become a threat to companies like Facebook since it prevents them from expanding overseas and obtaining access from coveted demographics in emerging markets.
These charts from OnDevice explain why messaging apps have hurt Facebook and why Facebook spent billions buying WhatsApp.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
Advertisement
Travel Boom: India spends 2X of pre-pandemic level on Airbnb with Goa leading the charge
Swiggy disburses over Rs 450 cr in loans to 8000 restaurant owners
Hyundai Motor India says all its vehicles to come with 6 airbags
Earthquake jolts Delhi and other parts of northern India
World Bank pegs India's FY24 GDP growth at 6.3% as global headwinds emerge