Facebook Inc (NASDAQ:FB) is clearly taking over the text messaging space in social media and mobile domain, thanks to its $19 billion acquisition last year. The timely acquisition of WhatsApp made Facebook Inc (NASDAQ:FB) seize what other couldn’t or perhaps can never, at least in the near future. An article on CNBC reviewed the performance of numerous apps in the text messaging domain, which has now brushed the value of around $100 billion.
Famous messages app Line is valued $10 billion, but it has failed to give Facebook Inc (NASDAQ:FB) text messenger or WhatsApp any tough time. KakaoTalk is another rising entity in messenger space and currently standing at $2 billion. Kik is another famous messages app which has imbibed a lot of teenagers. It has raised more than $38 million.
The source said that text messaging apps are taking a new turn. The concept of social media operating systems is getting fame. Facebook Inc (NASDAQ:FB) is also expected to give in-app activities in the messaging apps. This would mean that you will be able to play games, order food, work, share knowledge and much more in the same messaging app. The source mentioned a company which is working on a system which will allow the users to communicate in a completely different way: as soon as you enter any room, you will be able to access all the people through your smartphone.
The source concluded that Facebook Inc (NASDAQ:FB) is winning the messaging apps contest with a clear margin. WhatsApp has 700 million monthly active users who send 30 billion messages daily. These figures are unmatched and no rival is coming to challenge Facebook Inc (NASDAQ:FB).
Ken Griffin holds 4.58 million shares worth $307.87 million of Facebook Inc. (NASDAQ:FB).