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WhatsApp provides phone-number-based messaging, and people asked, 'Isn't that what SMS is?' Yes, but SMS is expensive, antiquated, and what WhatsApp did was modernize and level that playing field. For example, in Europe, if France wants to talk to Belgium, it's extraordinary costly because of border and telecom charges.
Brian Acton -
WhatsApp will bring Facebook another billion users. We will be a billion-user product. Whether there is a direct valuation or an indirect valuation, there is value, and Facebook understands that well.
Brian Acton