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The Early Days of Messaging Apps and WhatsApp's Unique Network
This chapter discusses the early days of messaging apps like AIM and ICQ, and how WhatsApp changed the game with its network based on phone numbers. It explores why AIM and ICQ didn't fully capitalize on the iPhone's potential and highlights the unique aspect of WhatsApp's network.
We kick off Season 6 with a long-awaited Acquired Classic: Facebook’s $22B purchase of WhatsApp in 2014, which still ranks as the largest acquisition of a private VC-backed startup in history. Yet despite that enormous pricetag and all its associated fanfare, as we sit here 5+ years later WhatsApp actually generates LESS revenue than the meager ~$20m it was bringing in at the time of acquisition. Was this this worst acquisition of all-time, or a brilliant strategic chess move by Mark Zuckerberg & co? Tune in as we render Acquired’s judgement!
Note: Unfortunately David’s audio quality in this episode was impacted by a technical glitch which we didn’t discover until after recording. Our editors worked super hard to fix in post-production, but it’s still not totally perfect. We hope you’ll give it a listen regardless, and we’re working on getting a transcript made ASAP, which we’ll post to the website when it’s ready. Thanks for bearing with us,
-Ben & David
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Vanta: https://bit.ly/acquiredvanta
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Listen to the best highlights from the podcasts you love and dive into the full episode