Facebook is reported to be in talks with WhatsApp over a possible purchase of the cross-platform mobile chat application. TechCrunch states that the details about the price or the progress of the acquisition of WhatsApp by the social networking giant still remains unknown.
There has been no official statement form either WhatsApp or Facebook representatives over the alleged buyout. The Mark Zuckerberg led firm had recently acquired Instagram, an online photo sharing establishment, for £650 million ($1billion) in cash and stocks. WhatsApp was founded in 2009 and is used to deliver text messages, images, audio and video messages.
WhatsApp’s rise to popularity has also been supported by its operability on all mobile platforms; Android, BlackBerry, iOS, Symbian, and Windows Phone. The advertisement free messenger service is reported to process 1 billion messages per day with users across 250 countries on varied mobile operating systems.
The messenger application has come under criticism from security and mobile researchers, who accuse WhatsApp of security risks on its authentication process. The anonymous researchers also claimed that the storage encryption of the service could be decrypted, which would make private information vulnerable.
Facebook has been reported to end its agreement with Zynga, developer of Farmville, which attracts 82 million players a month at its peak on the social networking website. Zynga has developed it own games platform, which has resulted in the severance of the partnership with Facebook.
With speculations about the acquisition of WhatsApp by Facebook surfacing on the market, it will interesting to see the turn of events from this point onward. What do you think?
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