Topic: It appears, Instagram and WhatsApp belong Facebook'
The Top 10 Companies Owned By Facebook (FB) | Investopedia Social networking sites these days absolutely must have mobile platforms. When Facebook was first founded, however, most people did not have mobile phones, and no one had an iPhone. Perhaps because of its beginnings, people did not consider Facebook to be a mobile company. Now people use the Facebook app but, until recently, the company was still primarily known for its website. That all changed in 2012 when Facebook paid an astounding $1 billion to acquire Instagram. The Instagram acquisition let investors know that Facebook understood where the market was headed and was prepared to pay money to stay relevant to its clientele. In 2014, Facebook bought WhatsApp for $19 billion. WhatsApp is a social messaging service that enables users from all over the world to send free messages to one another over WiFi or data connection. These two purchases might not seem profitable on the surface but they are immensely valuable to Facebook in terms of personal data and as proof that the company is staying on the edge of technology. (My underlining) Learned about it today by mere chance. I one such brake?