Monday, April 21, 2014
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

Zuckerberg takes long view with WhatsApp, Internet

By
February 25, 2014 | Leave Comment

NEW YORK — Mark Zuckerberg, known for his outsized ambitions for Facebook, is applying a similar long-term vision to bringing the Internet to the billons of people around the world who don’t already have access.

The 29-year-old CEO of Facebook Inc. discussed long-term plans for a world in which everyone is able to get online during an on-stage interview at the Mobile World Congress in Barcelona, Spain on Monday.

It was Zuckerberg’s most high-profile appearance yet at the world’s largest mobile trade show, signaling Facebook’s growing influence in mobile communications. The company’s mobile footprint has only expanded with its decision to buy WhatsApp, the wildly popular smartphone messaging service, in a surprise deal announced last Wednesday.

While Zuckerberg spent most of his time discussing Internet.org, the ambitious project that aims to get the world online, he couldn’t skirt questions about Facebook’s decision to pay a staggering $19 billion for WhatsApp.

“WhatsApp is a great company and a great fit for us,” Zuckerberg said, calling the service the “most engaging” mobile application that has ever existed – and one that’s well worth its price.

With 465 million monthly members, the service is growing at a faster pace than Facebook ever has and Zuckerberg believes WhatsApp is on track to reach a billion users. It’s because of that potential, and not WhatsApp’s current revenue stream, that Zuckerberg thinks WhatsApp is worth more than $19 billion. In comparison, Twitter Inc. which has 241 million users, is worth roughly $32 billion, based on its stock price Monday.

Even so, Facebook investors shouldn’t expect a windfall from WhatsApp any time soon. Zuckerberg said the acquisition will allow the startup to focus on growing its user base – and not on making money – over the next five years or so.

That echoes earlier comments from WhatsApp CEO Jan Koum at the wireless show. Koum, who announced that WhatsApp will soon offer voice calling as it works to lure more users to its service, stressed that his company has no plans to add “marketing” or advertising to the service and that its staff of 55 is unlikely to grow much.

“We want to operate as a startup,” Koum said.

Though they’ve known each other for years, Zuckerberg and Koum worked out the Facebook-WhatsApp deal in the 11 days before it was announced last Wednesday. Zuckerberg said that it wasn’t until the pair got aligned on the vision for Internet.org and getting everyone in the world connected that they started talking about combining their companies.

Relatively unknown until now in the U.S., WhatsApp is popular in other countries, both in Europe and in emerging economies. Koum and co-founder Brian Acton, both former Yahoo engineers, started the company five years ago. Unlike Facebook, WhatsApp eschews advertising and instead charges people 99 cents a year after the first year to use the service.

On the surface, Facebook and WhatsApp appear to hold divergent views on a number of matters, but Zuckerberg said the companies share a common vision in making the world more connected. Some 70 percent of world’s population, or 5 billion people, are still without Internet access. And access, Zuckerberg said, is growing slower than many people in the Internet-connected world believe.

When he announced Internet.org last summer, Zuckerberg noted that since the wealthiest members of the world’s population are already connected to the Internet, getting the next billions online is unlikely to be profitable any time soon, if ever.

On Monday, Zuckerberg acknowledged that he “can’t construct a model” in which Internet.org’s efforts will be profitable for Facebook in the near future.

“I think we are probably going to lose money on this for quite a while,” he said, though he added that over time there will likely be some benefit to Facebook.

Judging by Facebook’s stock price, investors seem confident in Zuckerberg’s long-term view. On Monday, Facebook’s shares hit in midday trading, $71.44, their highest level ever.

The Associated Press

The Associated Press

LEAVE A COMMENT

Discussion | No comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

.

Solano News

Rodriguez musicians win big in Reno

By Amy Maginnis-Honey | From Page: A1

 
 
Hundreds turn out for Kroc Easter Egg hunt

By Susan Hiland | From Page: A1

Jelly Belly artist finds her work sweet

By Ian Thompson | From Page: A1 | Gallery

 
Heroes for Hire event goes haywire

By Tony Wade | From Page: A2

Center offers baby mammal care class

By Susan Hiland | From Page: A3

 
Fairfield police arrest 6 in alcohol sting

By Adrienne Harris | From Page: A3, 3 Comments

4-H Paper Clover Campaign starts

By Susan Hiland | From Page: A3

 
9th Annual Peace Summit on calendar

By Susan Hiland | From Page: A3

Tour past, present, future in Mountain View

By Susan Hiland | From Page: A3

 
Best of the best compete at dog show

By Adrienne Harris | From Page: A3 | Gallery

Event allows for safe medication disposal

By Susan Hiland | From Page: A4

 
Kids Fishing Derby to take place Saturday

By Susan Hiland | From Page: A4

 
Church offers document shredding

By Susan Hiland | From Page: A4

Suisun City to host 3rd annual MS walk

By Susan Hiland | From Page: A4

 
Club plans home garden tour in Fairfield

By Susan Hiland | From Page: A4

Local government meetings

By Susan Hiland | From Page: A4

 
Il Fiorello to host mushroom class

By Susan Hiland | From Page: A4

Silent movie night set in Rio Vista

By Susan Hiland | From Page: A4

 
Fairfield police log: April 19, 2014

By Susan Hiland | From Page: A9

Suisun City police log: April 19, 2014

By Susan Hiland | From Page: A9

 
Fairfield police log: April 18, 2014

By Susan Hiland | From Page: A9

Suisun City police log: April 18, 2014

By Susan Hiland | From Page: A9

 
Street-sweeping dealership comes to Fairfield

By Barry Eberling | From Page: A11, 1 Comment | Gallery

Networking event at Solano College

By Barry Eberling | From Page: A11

 
North Bay Pediatrics marks anniversary

By Barry Eberling | From Page: A11

Firm facilitates building lease in Fairfield

By Barry Eberling | From Page: A11

 
Weather for Monday, April 21, 2014

By Daily Republic staff | From Page: B12

.

US / World

Bid, Dick, bid: ‘Dick and Jane’ artworks for sale

By The Associated Press | From Page: A2

 
Bee colonies damaged after almond pollination

By The Associated Press | From Page: A4

Country music singer Kevin Sharp dies at age 43

By The Associated Press | From Page: A5

 
Sleeping girl killed after car drives into home

By The Associated Press | From Page: A5

Recreation areas reopening after Yosemite fire

By The Associated Press | From Page: A5

 
Nurse in critical condition after stabbing

By The Associated Press | From Page: A5

Study: Fuels from corn waste not better than gas

By The Associated Press | From Page: A6

 
Transcript reveals confusion over ferry evacuation

By The Associated Press | From Page: A7

Delay in ferry evacuation puzzles maritime experts

By The Associated Press | From Page: A7

 
Transcript of SKorea ship sinking: ‘We can’t move’

By The Associated Press | From Page: A7

.

Opinion

Why Hillary? The public awaits her answer

By Ann McFeatters | From Page: A8

 
Local voices, important choices

By Rod Keck | From Page: A8, 1 Comment

Question of the week: Will Flight 370 be found?

By Daily Republic | From Page: A8

 
Editorial Cartoon for April 21, 2014

By Daily Republic Syndicated Content | From Page: A8

Legislature critic is selective

By Letter to the Editor | From Page: A8

 
Knowledge, religion and the hard work of faith

By Cynthia M. Allen | From Page: A8

.

Living

Today in History for April 21, 2014

By The Associated Press | From Page: A2

 
Community Calendar: April 21, 2014

By Susan Hiland | From Page: A2

My friend’s wife drinks too much, verbally abuses her husband

By Kathy Mitchell and Marcy Sugar | From Page: B5

 
Horoscopes for April 21, 2014

By Holiday Mathis | From Page: B5

 
Horoscopes for April 22, 2014

By Holiday Mathis | From Page: B7

.

Entertainment

TVGrid April 21

By Daily Republic Syndicated Content | From Page: A10

 
‘Capt. America’ tops box office for third week

By The Associated Press | From Page: A10

TVGrid April 22

By Daily Republic Syndicated Content | From Page: A11

 
.

Sports

 
Sharks take 2-0 series lead with 7-2 win vs. Kings

By The Associated Press | From Page: B1 | Gallery

Chavez gets 1st win, A’s complete sweep of Astros

By The Associated Press | From Page: B1

 
NBA: Refs missed foul call in Warriors-Clippers

By The Associated Press | From Page: B1

Posey, Lincecum lead Giants to 4-3 win

By The Associated Press | From Page: B1 | Gallery

 
Young Clippers try to mature against Warriors

By The Associated Press | From Page: B1 | Gallery

Wawrinka beats Federer to win Monte Carlo Masters

By The Associated Press | From Page: B2

 
Westwood wins Malaysian Open

By The Associated Press | From Page: B2

Jimenez closes with 67 to win Greater Gwinnett

By The Associated Press | From Page: B2

 
Kuchar rallies from 4 back to win RBC Heritage

By The Associated Press | From Page: B2 | Gallery

Prep baseball: Pair of 10-run innings powers Vikings to win

By Daily Republic staff | From Page: B2

 
Prizefighter Rubin ‘Hurricane’ Carter dies at 76

By The Associated Press | From Page: B2 | Gallery

Red Sox remember Boston Marathon victims

By The Associated Press | From Page: B2

 
After bombs, Boston Marathon under tight security

By The Associated Press | From Page: B2

 
Duncan scores 27 points, Spurs beat Mavs 90-85

By The Associated Press | From Page: B8

James, Wade lead Heat past Bobcats 99-88 in Game 1

By The Associated Press | From Page: B8

 
Nene dominates, Wizards rally past Bulls, 102-93

By The Associated Press | From Page: B8 | Gallery

Aldridge leads Portland over Houston 122-120 in OT

By The Associated Press | From Page: B8

 
.

Business

 
.

Obituaries

Anne Irene Elizabeth Fulgoni

By Nancy Green | From Page: A4, 2 Comments

 
.

Comics

Pickles April 21

By Daily Republic Syndicated Content | From Page: B4

 
Blondie April 21

By Daily Republic Syndicated Content | From Page: B4

Sally Forth April 21

By Daily Republic Syndicated Content | From Page: B4

 
B.C. April 21

By Daily Republic Syndicated Content | From Page: B4

Baby Blues April 21

By Daily Republic Syndicated Content | From Page: B4

 
Dilbert April 21

By Daily Republic Syndicated Content | From Page: B4

Frank and Ernest April 21

By Daily Republic Syndicated Content | From Page: B4

 
Get Fuzzy April 21

By Daily Republic Syndicated Content | From Page: B4

Baldo April 21

By Daily Republic Syndicated Content | From Page: B4

 
Rose is Rose April 21

By Daily Republic Syndicated Content | From Page: B4

For Better or Worse April 21

By Daily Republic Syndicated Content | From Page: B4

 
Garfield April 21

By Daily Republic Syndicated Content | From Page: B4

Zits April 21

By Daily Republic Syndicated Content | From Page: B4

 
Wizard Of Id April 21

By Daily Republic Syndicated Content | From Page: B4

Beetle Bailey April 21

By Daily Republic Syndicated Content | From Page: B4

 
Peanuts April 21

By Daily Republic Syndicated Content | From Page: B4

Sudoku April 21

By Daily Republic Syndicated Content | From Page: B5

 
Bridge April 21

By Daily Republic Syndicated Content | From Page: B5

Word Sleuth April 21

By Daily Republic Syndicated Content | From Page: B5

 
Cryptoquote April 21

By Daily Republic Syndicated Content | From Page: B5

Crossword April 21

By Daily Republic Syndicated Content | From Page: B5

 
Beetle Bailey April 22

By Daily Republic Syndicated Content | From Page: B6

Get Fuzzy April 22

By Daily Republic Syndicated Content | From Page: B6

 
For Better or Worse April 22

By Daily Republic Syndicated Content | From Page: B6

Rose is Rose April 22

By Daily Republic Syndicated Content | From Page: B6

 
Pickles April 22

By Daily Republic Syndicated Content | From Page: B6

Sally Forth April 22

By Daily Republic Syndicated Content | From Page: B6

 
Peanuts April 22

By Daily Republic Syndicated Content | From Page: B6

Frank and Ernest April 22

By Daily Republic Syndicated Content | From Page: B6

 
Garfield April 22

By Daily Republic Syndicated Content | From Page: B6

Zits April 22

By Daily Republic Syndicated Content | From Page: B6

 
Blondie April 22

By Daily Republic Syndicated Content | From Page: B6

B.C. April 22

By Daily Republic Syndicated Content | From Page: B6

 
Dilbert April 22

By Daily Republic Syndicated Content | From Page: B6

Baldo April 22

By Daily Republic Syndicated Content | From Page: B6

 
Baby Blues April 22

By Daily Republic Syndicated Content | From Page: B6

Wizard Of Id April 22

By Daily Republic Syndicated Content | From Page: B6

 
Sudoku April 22

By Daily Republic Syndicated Content | From Page: B7

Bridge April 22

By Daily Republic Syndicated Content | From Page: B7

 
Word Sleuth April 22

By Daily Republic Syndicated Content | From Page: B7

Crossword April 22

By Daily Republic Syndicated Content | From Page: B7

 
Cryptoquote April 22

By Daily Republic Syndicated Content | From Page: B7