Facebook-owned (FB) WhatsApp platform hits a new milestone with 900 million monthly active users. The tech giant's WhatsApp messaging service added 100 million new subscribers in less than five months. MAUs, or monthly active users, is a closely watched industry metric known to measure the success rate of social networking services. WhatApp has gained popularity, since Facebook acquired the app in 2014 for $19 billion. In comparison, parent company Facebook had announced back in June that it has 1.49 billion monthly active users. That was a 13 percent jump from June of 2014. The company reported that it had 1.31 billion mobile monthly active users in June, up 23 percent from the same month of the previous year. But, WhatsApp is still leading the metric versus Facebook's messenger app which currently has 700 million MAUs. After adding WhatsApp to its portfolio, Facebook has become the owner of the world's two most popular messaging apps. TheStreet's Kurumi Fukushima reports in New York.
More from Video
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.
Takeda Pharmaceutical CEO Talks Big Pharma Trends
One of pharma's biggest CEO's talks M&A action on the exchange.
Real Money Video Wrap: Citi Surges as View of Stability Saves Sentiment
Citi overcame a mixed print to send its stock surging on Monday.
Real Money Video Wrap: Apple Rallies as Services Segment Takes Center Stage
There is a lot of Apple news to chew on Wednesday.
Are Algos Jumping on J&J Headlines?
Are machines jumping on Johnson & Johnson's human risk headlines?
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.