WhatsApp is one of the most historic stories in the history of the internet. Founders Brian Acton & Jan Koum worked at Yahoo once upon a time. Their application for jobs in Facebook was rejected & ironically, in 2014 Facebook handed $19 billion to them to acquire their app WhatsApp which bossed over a billion users and 450 million monthly active users, which till date remains the largest ever acquisition. Derived from the common phrase used to interact “what’s up”, Koum & Acton managed to convince 5 colleagues of their former employers Yahoo & a Russian coder from RentACoder.com, they managed to raise $250,000 and launched WhatsApp in 2009.

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The initial programming work of the app was outsourced, but the founders decided to design the logo themselves. In 2009, the app store from apple was relatively new but Koum saw huge future in that. He saw how apps can change the way people use their phones. In the beginning, the app was designed to just show status next to a person’s name in the contact list. The status could be busy, available, battery low etc.

How does WhatsApp Make Money?