Facebook Inc.'s (FB) - Get Meta Platforms Inc. Class A Report purchase of WhatsApp is looking more shrewd as time goes by after the company announced that the free, encrypted messaging app has more than 1 billion daily active users.
The app supports 60 different languages for users who are currently sending 55 billion messages and 4.5 billion photos per day.
WhatsApp's ascension has been meteoric, with the company reporting 1 billion monthly active users less than 18 months ago.
Facebook shares were up 1.85% in afternoon trading Thursday following the release of the company's latest quarterly results after the closing bell Wednesday.
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