At Mobile World Congress today, Facebook CEO Mark Zuckerberg said that he believed WhatsApp was worth more than the $19 billion he paid for. Zuckerberg also pointed out why WhatsApp co-founder Jan Koum because interested in getting acquired by Facebook.
Koum indicated that WhatsApp was not interested in an acquisition in 2012, but Internet.org was a big selling point. Internet.org is a Zuckerberg-led project that aims to bring Internet connectivity to developing countries.
?If we can do a good job with WhatsApp [and] grow it, it will be a huge business,? stated Zuckerberg at Mobile World Congress in Barcelona.
WhatsApp and Facebook have a shared philanthropic motivation behind world communications.
?Why were we excited to do this together? It was the Internet.org vision and how we can connect the world,? stated Zuckerberg. ?If they did this as an independent company they would have had to focus on how to build the company out, to scale it, but now they can focus on how to connect the one to two billion people.?
Zuckerberg also provided more details about the role of Internet.org. Zuckerberg said that the idea is to develop a group of basic Internet services that would be free of charge to use, which would be a “911 for the Internet.” This may include a social networking service like Facebook, a messaging service, search, weather, etc.