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Except that was all done before meta bought it. https://www.flyertalk.com/forum/travel-technology/952359-thoughts-about-my-free-iphone-app-whatsapp.html https:
by midasuni 3y ago
Except that was all done before meta bought it.
https://www.flyertalk.com/forum/travel-technology/952359-thoughts-about-my-free-iphone-app-whatsapp.html https://www.flyertalk.com/forum/travel-technology/952359-tho...
- lmm 3y agoBut getting bought by facebook was the only business plan they ever had, so it was facebook that made all that possible.
- eps 3y agoNot true. They were doing perfectly fine charging a fair fraction of their 100 mil userbase $1 a month. They sold because founders wanted an exit.
- hot_gril 3y agoThey probably got initial funding from investors thinking about a future exit. Investors aren't as interested in a company that intends to simply survive on modest profits forever. This is also why startups tend to magically die when big companies aren't doing well.
- Unai 3y agoNot true. They were charging 1€ a year, not a month (at least that's the case in my country). The math doesn't add up.
- MichaelZuo 3y agoKinda surprised the parent made such a mistake since Whatsapp was very well known in tech circles for charging an incredibly low fee pre-FB acquisition. And the parent's HN account dates from 2010...
- eps 3y agoMy bad, it was of course per year. Point still stands that $1/year was a viable business model that covered their burn rate and then some.
- hackernewds 3y agoInaccurate. They actually tried every remedy to delay/deceive/dissuade this. This is verified in official emails declassified as part of lawsuits.
- nvarsj 3y agoIt wasn't end to end encrypted either before Meta bought it. Maybe it's not all bad?