Monthly userbase of Whatsapp touches 700 million worldwide

Highlights: 

• The worldwide Messenger, WhatsApp has announced that its messaging app is increased from 600 million to 700 million used by people every month. 
• The company's CEO Jan Koum wrote in a Facebook post that users are sending 30 billion messages per day.
• The figure makes the messaging app one of the world's largest social networks, bigger than Twitter's 284 million or even the photo-sharing service Instagram, which counted 300 million users last month.
• Facebook itself, however, is still bigger, and tallies 1.3 billion users signing in every month.
• The latest numbers could help Facebook placate investors' fears about its acquisition strategy, despite the 19 billion dollar purchase price being one of the largest deals in the history of Silicon Valley.
• Facebook has however, begun to feel pressure from investors struggling to accept CEO Mark Zuckerberg's view that his growing list of acquired businesses and services won't become meaningful until they hit the one billion mark.

Brief History :

• WhatsApp Messenger is an instant messaging app for smartphones that operates under a subscription business model.
• WhatsApp Messenger is an instant messaging app for smartphones that operates under a subscription business model.
• WhatsApp Inc. was founded in 2009 by Brian Acton and Jan Koum, both former employees of Yahoo!.
• Present CEO - Jan Koum.
• The Headquarters of the company is  located in Mountain View, California, US .
• As of October 2014, Whatsapp has crossed 70 million monthly active users in India, which is 10% of its total user base (700 MM).