How does WhatsApp make money? – The Sun

WHATSAPP allows users to send texts and photos for free — making it the most popular method of mobile phone communication for millions. But how does it make money and how much was it bought for? Here’s all you need to know. 1 WhatsApp was founded in 2009Credit: AFP How does WhatsApp make money? To begin with WhatsApp made money by asking some users to pay the equivalent of $1 to download, with each year costing the same to renew. But the company soon shifted from their business model and have stayed away from in-app advertising. Instead, they make money through premium services such as WhatsApp for Business and WhatsApp Pay. As of November 2022, the service boasts more than 2 billion users.  Who owns WhatsApp? WhatsApp was created in 2009 by computer programmers Brian Acton and Jan Koum – former employees of Yahoo! Koum came up with the name WhatsApp because it sounded like “what’s up”. After a number of tweaks the app was released with a messaging component in June 2009, with 250,000 active users. It was originally free but switched to a paid service to avoid growing too fast. Eventually, social media giant Facebook bought WhatsApp Inc
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