FB - What's Going on With WhatsApp?
All of a sudden, Facebook (NASDAQ: FB) has yet another controversy fire to put out.
Already the subject of an antitrust investigation, facing scrutiny for banning President Donald Trump, and answering for its role in the insurrection at the Capitol, the tech giant is now experiencing a backlash regarding WhatsApp, the messaging service it acquired in 2014 for $19 billion.
After WhatsApp users received a notification about a new privacy policy, they rushed to alternatives, encouraged by the likes of Elon Musk and Edward Snowden, with downloads spiking at rival messaging apps like Signal and Telegram. Signal, a secure messaging app popular with journalists, became the most downloaded free app on both Apple and Android devices with downloads spiking 8.8 million the week of Jan. 4, an increase of nearly 4,000% from the week before, according to data from Sensor Tower.
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What's Going on With WhatsApp?