Why Zuckerberg Is Buying WhatsApp

Written By JAY YAROW AND JIM EDWARDS FEB. 24, 2014 from Business Insider

Facebook CEO Mark Zuckerberg is a week removed from shocking the world with his decision to pay $19 billion for mobile messaging app, WhatsApp.

Today, he spoke about that deal at Mobile World Congress, or MWC, the giant mobile industry conference in Barcelona. But he spent more time talking about his effort, through Internet.org, to connect the entire world free of charge to the Internet and the mobile Web.

Zuckerberg wants to find between three and five big wireless carriers to agree to provide the entire planet with free, basic mobile access to the web. Only after the developing world is connected will these companies — or Facebook — see revenue flow from this plan.

Zuckerberg believes connecting another billion people will create 100 million jobs. WhatsApp — with 450 million users — is already on course to connect 1 billion people, he says.

A big theme at this conference is supercheap smartphones. Zuckerberg has been talking about connecting every single person on the planet, and he elaborated on that visions for about 50 minutes. Here is our live blog of his talk. Apologies for the typos, which we are not able to correct live:


SEE THE FULL EVENT COVERAGE HERE:  http://www.businessinsider.com/mark-zuckerberg-at-mwc-2014-2

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