WhatsApp's history and success story: the second most popular social networking site of the rejected

 

Failure and rejection are not setbacks, but learning steps. Brian Acton and Jan Koum, two former Yahoo employees, were rejected by Facebook when they applied for the job. They founded their own social media platform called WhatsApp. We'll see the story. And success story of WhatsApp.

After being rejected by Facebook, its WhatsApp platform was acquired by Facebook in 2014 for $19.3 billion. Let's read more about the history and success story of the second most popular social media site of 2018 WhatsApp. About the Founder of WhatsApp The history of WhatsApp dates back to 2009. WhatsApp was incorporated as WhatsApp Inc. on February 24, 2009.in California by Jan Koum.

Koum saw the potential of the app store after buying the iPhone in 2009. The main idea behind the development of WhatsApp was to have a status alongside people's individual names. Koum named the app "WhatsApp" to sound like "what's up." Koum felt like giving up, as the first version of WhatsApp often crashed or got stuck at a certain point, but Brian Acton convinced him to wait a few more months. They didn't use an app. Jan Koum modified WhatsApp to change a user's status; everyone on the user's network would be notified. Koum released WhatsApp 2.0 with additional messaging features.

This is one of the turning points in the history and success of WhatsApp. The WhatsApp messaging feature has been gaining popularity among the audience. WhatsApp saw an increase in the number of active users, up to 250,000 when the messaging component was integrated into WhatsApp. By then, Brian Acton was working at another company, managing emerging businesses. In 2009, he decided to join the company. With the help of his friends, he raised seed capital for the business. Acton became a co-founder and received an equity stake in the company. Growth phase of WhatsApp After working for months as a beta version, WhatsApp was finally launched on the App Store in November 2009.

The Blackberry version of the app came two months later. WhatsApp has changed from free service to paid service. This strategy was implemented by WhatsApp to avoid growing too quickly. In December 2009, a new feature for sending photos was added to WhatsApp on the iPhone. Top 20 apps in the App Store in early 2011. In April 2011, WhatsApp found a partner and investor in Sequoia Capital. Sequoia Capital invested $8 million for a 15 percent stake in the company.

Active users and 50 employees as of the end of February 2013. Sequoia Capital made an additional investment of US$50 million, and WhatsApp was valued at US$1.5 billion for 2013. On February 19, 2014, Facebook announced it would acquire WhatsApp for $19 billion, marking Facebook's largest acquisition to date. The current days of WhatsApp has received a lot of criticism as the platform has been charging its users $1 subscription fee. Co-founder Jan Koum announced in 2016 that he would no longer charge the subscription fee.

The other main criticism of WhatsApp was the amount of fake messages circulating on the platform. WhatsApp announced that it would take action against fake news on its platform. WhatsApp kept adding new features over time, such as B. the messaging component, sending pictures, sharing videos, sending voice messages and making voice calls. These features have contributed to the great popularity of WhatsApp. Co-founder Brian Acton left the company to start a non-profit business, and recently another co-founder, Jan Koum, announced that he would be leaving the company in 2018.

Facebook announced that Chris Daniels will replace Koum as CEO of Companion. WhatsApp is now active in 180 countries around the world, with approximately 1.5 billion active users on the platform.

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