Inside The Facebook-WhatsApp Megadeal: The Courtship, The Secret Meetings, The $19 Bill... - 0 views
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Its 470 million users have already erased $33 billion in SMS revenue from wireless carriers that got rich and fat charging per text.
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“Sometime in the not too distant future,” says Sequoia’s Goetz, “WhatsApp is likely to eclipse all SMS traffic across the globe.” (Perhaps it’s no surprise that Zuckerberg reportedly held a private meeting with 20 telecom executives last week to ease their fears of being buried by free web-based services like Facebook and WhatsApp.)
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A threat to the telecom industry. Web apps like Facebook and WhatsApp erode the need for "wireless data plans" which are the primary source of revenue for wireless carriers.
