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by lmm 1064 days ago
But getting bought by facebook was the only business plan they ever had, so it was facebook that made all that possible.
2 comments

Not true. They were doing perfectly fine charging a fair fraction of their 100 mil userbase $1 a month. They sold because founders wanted an exit.
Not true. They were charging 1€ a year, not a month (at least that's the case in my country). The math doesn't add up.
Kinda surprised the parent made such a mistake since Whatsapp was very well known in tech circles for charging an incredibly low fee pre-FB acquisition. And the parent's HN account dates from 2010...
My bad, it was of course per year. Point still stands that $1/year was a viable business model that covered their burn rate and then some.
They probably got initial funding from investors thinking about a future exit. Investors aren't as interested in a company that intends to simply survive on modest profits forever. This is also why startups tend to magically die when big companies aren't doing well.
Inaccurate. They actually tried every remedy to delay/deceive/dissuade this. This is verified in official emails declassified as part of lawsuits.