Why Facebook Bought WhatsApp In One Chart

This chart almost certainly explains why Facebook just spent a ton on WhatsApp. Daily messaging volume is in the 2o billion range, and it’s growing like a weed. As analyst Benedict Evans, of Andreesen Horowitz notes, the volume may have already surpassed texting.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.