Zuckerberg: Facebook Has No Near-Term Plan to Monetize WhatsApp

Free Book Preview Ultimate Guide to Social Media Marketing

This book takes readers through a 360-degree perspective of social media marketing in businesses.
1 min read
This story originally appeared on Reuters

Facebook Inc, which closed its acquisition of mobile messaging service on Monday, has no near-term plan to make money from the service, Chief Executive said on Thursday.

Zuckerberg, who is visiting to participate in an event to boost usage, did not give details.

Facebook's final WhatsApp acquisition price tag has risen an additional $3 billion to roughly $22 billion because of the increased value of Facebook's stock in recent months.

WhatsApp works across different types of phones, across borders, and without advertising. The app only charges a 99 cent annual subscription fee, which is waived for the first year.

(Reporting by Aditya Kalra; Editing by Miral Fahmy)

More from Entrepreneur

We created the SYOB course to help you get started on your entrepreneurial journey. You can now sign up for just $99, plus receive a 7-day free trial. Just use promo code SYOB99 to claim your offer.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
From business to marketing, sales, design, finance, and technology, we have the top 3 percent of Experts ready to work for you. Join the future of work and learn more about our Expert solutions!

Latest on Entrepreneur