No near term plans of monetizing WhatsApp: Mark Zuckerberg

On Monday Facebook, the Social media network site has closed its acquisition of the Mobile messaging app WhatsApp for about US $19 billion announced in February, 2014 with clearance of the hurdles of European Union regulatory authority.

Jan Koum, WhatsApp co-founder was appointed on the Facebook’s board & who will further continue as WhatsApp chief executive, who in-turn will receive $1 billion annual base salary & restricted $2 billion stock units worth. Mark Zuckerberg, Facebook Chief Executive said that no near term plans of making money from this newly acquired WhatsApp service.

This merger of WhatsApp into Facebook will further strengthen up the Social network site position both in Mobile messaging & also internationally.

Facebook’s this deal of acquisition of WhatsApp ended & it outranks it’s all other previous recent deals of Facebook, which includes: Facebook purchase of Instagram, Photo-sharing app for about $1 billion in 2012 & the purchase of Microsoft Corp.’s Skype, video calling company for $8.5 billion.
Facebook stocks shares raised more than 40% this annual.