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> Are you suggesting that WhatsApps business model was based on annual revenue?

Since WhatsApp was a revenue-generation corporation with a board of directors, like any other corporation, before their acquisition, and since I don't like to indulge in conspiracy theories, I'm going to assume that yes -- their business model was based on annual revenue.

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> I'm going to assume that yes -- their business model was based on annual revenue.

Then you'd assume wrong. The goal of the board is to maximize return for investors. In WhatsApp case, it's not hard to see that their goal was to grow as fast as possible, revenue be damned, so they could be a very attractive takeover target for a company like Facebook who could eventually hope to monetize that user base.

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