whatsapp

The initial public offering of Weibo, China’s answer to Twitter, has provoked a combination of downbeat hand wringing and gleeful hand rubbing about the effect of the global tech sell-off on new companies coming to market.

So are investors fair in how they’re pricing Weibo? The company’s shares were priced at $17 each, the bottom of the range, putting the group’s valuation at $3.8bn after raising more than double the amount it had hoped for earlier in the year. Read more

Tim Bradshaw

It was just a regular Tuesday afternoon in Mountain View’s Red Rock coffee shop: rows of young entrepreneurs sitting behind their MacBook screens, working on what they hope might be the next WhatsApp.

The low-key cafe served as an office for Brian Acton and Jan Koum, WhatsApp’s founders, when they were starting out back in 2009. It was here that Sequoia’s Jim Goetz met them in 2011 before becoming their only venture-capital investor. WhatsApp’s modest, unmarked offices are still just around the corner. Read more

Is $19bn a lot of money? It certainly sounds like it – that’s what Facebook thought WhatsApp was worth when it scooped up the messaging app on Wednesday.

The fate of social networks depends on being able to turn huge pools of users into a source of cash. So one way to assess whether Mark Zuckerberg got value for money is to look at how much he paid per WhatsApp user compared with the price of each person in other networks: Read more

There’s a hot messaging app with a global following that’s just asking to be acquired.

Whoops, sorry, that was yesterday, but what if we change the name to BBM? Read more

Tim Bradshaw

Facebook is paying up to $19bn in cash, stock and earnouts to acquire WhatsApp Messenger, the world’s most popular mobile chat app with more than 450m regular users. Here Tim Bradshaw and Hannah Kuchler brought live reaction and comment from Facebook’s conference call.  

Tim Bradshaw

For a company in the communication business, Whatsapp might be the least chatty start-up in Silicon Valley. The mobile-chat provider hit a huge milestone last week, with its users sending 1bn messages in a single day, it announced on Monday.

It’s a truly viral, word-of-mouth success story that’s all the more remarkable because it’s done so little press or marketing. Read more