Facebook Paid $19 Billion for WhatsApp, Which Lost $138 Million Last Year

By Kurt Wagner

Facebook WhatsApp

Alexander Supertramp/Shutterstock

WhatsApp was far from profitable when Facebook shelled out roughly $19 billion for the messaging app in February, according to new SEC filings.

According to the documents, WhatsApp reported just over $10 million in revenue in 2013, and a total net loss of $138 million for the …read more

Source:: Recode

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