Listen To The Story

Facebook has made one of the most expensive tech acquisitions in recent history this week buy buying WhatsApp for $19 billion. The question is, what did Facebook just buyWhatsApp is one of the fastest growing apps in history: it’s got about 450 million users and the company says it’s adding one million new users a day. Jalak Jobanputra, a venture capitalist at Future Perfect Ventures, said most of that growth is happening outside the U.S.:  

“So the WhatsApp customers, especially in the emerging markets in places like India are very young." 

But Jobanputra says, in emerging markets, WhatsApp also appeals to people of all ages because it’s basically free texting.

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow David Brancaccio at @DavidBrancaccio