Remember when WhatsApp required a subscription? One of the first changes made by Facebook after purchasing WhatsApp was to make it available for free. And now they're complaining they can't milk it enough? Oh dear. I know that a percentage of WhatsApp users would stop using the app if they started requiring a payment again –because apparently paying $1 per year for using an application on your $999 phone is outrageou…
I'm wondering if this pressure was in response to the 20% decline on FB stocks. Its as if the shareholders looked at their portfolio in search of companies acquired that could fill that void.
Facebook’s New Message to WhatsApp: Make Money
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Re: Facebook’s New Message to WhatsApp: Make Money
#252Remember when WhatsApp required a subscription? One of the first changes made by Facebook after purchasing WhatsApp was to make it available for free. And now they're complaining they can't milk it enough? Oh dear. I know that a percentage of WhatsApp users would stop using the app if they started requiring a payment again –because apparently paying $1 per year for using an application on your $999 phone is outrageou…
Doesn’t Facebook make $100per user per year in the US off ads? If WhatsApp can get anywhere near that there would be no reasistic price point which people would actually pay that would work for Facebook.
Re: Facebook’s New Message to WhatsApp: Make Money
#253Whatsapp had a great business model: $1 a year. With their current 1.5 billion users, that's nothing to sneeze at. It doesn't cost them $100M a month to provide the service. I wish more companies were like Craigslist - happy to make an great profit and a lasting business by providing basic information services for a reasonable price. Instead, a bunch of MBAs want to rule the world by focusing on growth at all costs,…
I don’t understand the MBA hate here. The WhatsApp founders don’t have MBAs and sold their company to Facebook for 19 billion. They wanted to be that rich. Nothing to do with MBAs. Also let us be clear. Engineers are no saints either. Case in point Anthony Levandowski of Otto. Orchestrating one of the shadiest acquisitions to make a quick buck. Folks have pointed out below that the issue of growth is not necessarily…
Whatsapp was sold for that much because many other companies were willing to buy for similiar amounts.
Re: Facebook’s New Message to WhatsApp: Make Money
#254Earlier quoted context omitted.
No, square is fundamentally geared towards long-tail consumer retail, not peer-to-peer payments, and it's very credit card oriented. They still would not even be comparable.
What is the Cash app then?
The UI is definitely worse (IMO) and they've done a piss poor job at tying users to identities more than using phone numbers. Nobody I know uses Cash App except in exceptional cases. I have to double and triple check usernames to make sure I'm not sending money to the wrong person.
The Cash app is a pretty small percentage of Square's revenue. Square isn't much more than a credit card processor for small businesses IMO.
Re: Facebook’s New Message to WhatsApp: Make Money
#255Remember when WhatsApp required a subscription? One of the first changes made by Facebook after purchasing WhatsApp was to make it available for free. And now they're complaining they can't milk it enough? Oh dear. I know that a percentage of WhatsApp users would stop using the app if they started requiring a payment again –because apparently paying $1 per year for using an application on your $999 phone is outrageou…
WhatsApp provides more than $1 of value to me in a year, provided I have already decided to use it . But paying a subscription also represents a psychological commitment, a loss of choice for a year, a mental tracking cost if I should reevaluate annually, an effort cost to convincing others to use it if I want to communicate with them, and an opportunity cost. Because I'm certainly not going to pay $1 to 10 different…
Re: Facebook’s New Message to WhatsApp: Make Money
#256Earlier quoted context omitted.
I think you are an outlier in that regard. Almost nobody I know is using any other messaging app instead of WhatsApp, and I just graduated out of University so my social circle consists of a lot of fresh engineering grads. It is hard for me to convince even my batchmates to install signal. I think people don't want to install anything else as none of their contacts are on any other platform.
I tried to get my friends who use WhatsApp to switch to Signal during the big Delete Facebook movement... I got a lot of pushback. It did not happen. :(
Re: Facebook’s New Message to WhatsApp: Make Money
#257Earlier quoted context omitted.
- You are lucky of your provider does push notifications - no presence or typing indicators - no working end to end encryption, definitely so for group threads - no reasonable concept of managing groups - no standard way of quoting - inefficient or unsafe media sharing - insane amounts of spam - no lightweight formatting - no avatars And that's just what randomly came to mind. E-mail sucks for almost anything .
>E-mail sucks for almost anything. Ever tried sending a message that's several pages long on anything but email? Go ahead, do it. See how hits the ground face down on that. Even your short comment is too long to be comfortably read in most IM apps. >- no standard way of quoting Using > is a de-facto standard. Now, I know, you have objections. Before you voice them, try receiving a long message in your IM of choice, a…
> Some of use like to write, you know.
/r/iamverysmart . Some of us like to write short messages quickly, you know. With read receipts and push notifications.
Re: Facebook’s New Message to WhatsApp: Make Money
#258Make it a money remmitance platform and allow one billion people to send a trillion dollars a year charging just one percent in fees (ten billions in revenue) while providing merchants with extra apps and features for a premium. A couple of days ago I was ordering a pizza by phone and they told me they had a whatsapp channel to take orders so I thought paying using whatsapp would be perfect. No need for annoying ads…
> No need for annoying ads or invasive data collection.
But they've already built infrastructure to do all this surveillance, the incremental cost is minimal. It's just too tempting to pass up on the low-hanging fruit.Re: Facebook’s New Message to WhatsApp: Make Money
#259Earlier quoted context omitted.
In my experience, no, you can’t force alternatives on your friends and family, unless it’s an alternative they already have. No, they won’t install Signal. If that were a real possibility, you would have done it already. So SMS it is. But I wonder, isn’t SMS more expensive than $1 / year? SMS has had outrageously high rates compared with 3G. In some parts of the world that’s precisely the reason for WhatsApp’s popula…
My non-tech friends can and have and do install signal, I’m pleased to say! It costs nothing, takes them a few minutes, and there’s no downside for them. I use it all the time.
SMS is plaintext - full stop.
Re: Facebook’s New Message to WhatsApp: Make Money
#260Whatsapp had a great business model: $1 a year. With their current 1.5 billion users, that's nothing to sneeze at. It doesn't cost them $100M a month to provide the service. I wish more companies were like Craigslist - happy to make an great profit and a lasting business by providing basic information services for a reasonable price. Instead, a bunch of MBAs want to rule the world by focusing on growth at all costs,…