Facebook buying messaging app WhatsApp for $19B
What is a milestone? What does to pursue a goal mean?
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In one of the biggest technology of the past decade, Facebook agreed to buy WhatsApp for $16 billion to expand in the mobile messaging market and its goal of connecting as much of the world’s population as possible over the Internet.
Facebook said it will pay $4 billion in cash and $12 billion in for WhatsApp, a service that has 450 million monthly users and is adding more than 1 million new users a day.
“WhatsApp is on a path to connect 1 billion people. The services that reach that are all incredibly valuable,” Facebook CEO Mark Zuckerberg said in a statement announcing the deal.
fast-growing (adj) tending to spread quickly
to pursue (v) to do something or try to achieve something over a period of time
stock (n) the value of the shares in a company that have been sold
milestone (n) a very important stage or event in the development of something
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