It is rumored that Facebook Inc (NASDAQ:FB) is purchasing messaging service WhatsApp. However that reports were only tentative and multiple sources have declared that Facebook would not be acquiring WhatsApp.
WhatsApp also said that the news was a just only a rumor and not factually accurate according to AllThingsD.
The AllThingsD declared that the Facebook purchase talks are not real, according to multiple sources. WhatsApp commented that TechCrunch article is a just a rumor and is not accurate. They have no further information to share now. In the meantime, Facebook said that they don’t comment on rumors or speculation.
On other side, early this year Facebook Inc (NASDAQ:FB) acquire Instagram for $1 billion and added several of Instagram’s extra popular features onto its iOS app, which offered users the capability to add filters to their photos earlier than uploading them.
CEO of Facebook, Mark Zuckerberg articulated that Facebook has still kept Instagram as a separate app and Instagram persists to flourish. Remarking on the purchase and the decision to permit Instagram remain as a standalone app. They require being aware regarding keeping and building on Instagram’s strengths and attributes more willingly than just annoying to integrate everything into Facebook. That’s why they’re dedicated to building and rising Instagram independently.
Last Session Performance: The Technology sector and internet information provider industry element Facebook Inc (NASDAQ:FB) settled at $27.04 by dropping 3.43% or 0.96 cent with traded volume of 123.52 million more than the average volume of 74.90 million.
Stocks Volatility: The stock price saw week’s volatility of 4.77% and month’s volatility is 4.89%. While the stock price of FB is moving down from its 20 days moving average with +17.72% and isolated positively from 50 days moving average with 24.49%.
