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For the year ending December 31, 2013, WhatsApp had $10.2 million in revenue and a net loss of $138.146 million. Net cash used in operating during this period w
by B8MGHCBekDuRi 4y ago
For the year ending December 31, 2013, WhatsApp had $10.2 million in revenue and a net loss of $138.146 million. Net cash used in operating during this period was only $9.9 million, while share-based compensation amounted to $98.8 million
They only spent $9.9 million over $10.2 million in revenues for operations.
WhatsApp’s goal is still growth, rather than monetization. Mark Zuckerberg and WhatsApp CEO Jan Koum said when the acquisition was made in February that ads aren’t the right way to earn money on messaging
They were investing on growth, an investment that lead to a $16 billion acquisition from Facebook.
I would love to replicate their same "unsustainable business"