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Business model wise think with 1bn users an annual $1 fee would have been fine for WhatsApp. He also turned down hundreds of millions of dollars when he realize
by mevile 8y ago
Business model wise think with 1bn users an annual $1 fee would have been fine for WhatsApp. He also turned down hundreds of millions of dollars when he realized how fundamentally he disagreed with how facebook works. Prior to WhatsApp the founders had very little money.
- sonnyblarney 8y ago"Business model wise think with 1bn users an annual $1 fee would have been fine for WhatsApp." If you've worked in the mobile app business you might get that this could mean almost 0 in revenues. People. Don't. Pay. For. Stuff. Moreover, WhatsApp is huge in places like S. America where people don't have credit cards, or for whom $1 is even too much. "He also turned down hundreds of millions of dollars" He took $17 Billion and is now publicly complaining that what FB is doing is immoral. He doesn't seem to have a problem taking money from that immoral business model.
- ameister14 8y ago>If you've worked in the mobile app business you might get that this could mean almost 0 in revenues. It could, but it didn't. It meant revenues in the tens of millions.
- sonnyblarney 8y agoYes, that's about right. Not much of a company, relative to the $17B he raked in because of their ad-value to FB.
- ameister14 8y agoDepends on how you define a company, I suppose. If it is profitable and has hundreds of millions of customers, that's a pretty significant company to me. As an alternative example, broadcast.com was sold for 5.7 billion. I'd take continued success, hundreds of millions of happy users and a good purpose over broadcast.com.
- SmellyGeekBoy 8y agoI'd like to see how your company is doing if tens of millions of dollars of almost entirely clear profit is "not much of a company"...