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Cake day: April 23rd, 2023

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  • Lemmchen@feddit.detoPrivacy@lemmy.mlMeta payment message
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    11 months ago
    • Jul 16, 2013 WhatsApp changes its profit model with an annual subscription fee of $1 after a free first year.
    • Feb 19, 2014 Facebook, Inc. announces its acquisition of WhatsApp for US$19 billion, its largest acquisition to date. Facebook pays $4 billion in cash, $12 billion in Facebook shares, and an additional $3 billion in restricted stock units granted to WhatsApp’s founders.
    • Jan 18, 2016 Jan Koum announces that WhatsApp will no longer charge its users a $1 annual subscription fee. There is still no clear plan for monetizing WhatsApp.

    https://en.wikipedia.org/wiki/WhatsApp

    So they started the subscription before the aquistion, but discontinued it two years after that.