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Launched six years ago, WhatsApp lets users easily send text-based messages, send and receive calls, videos and pictures. Over the last two years, WhatsApp more than doubled its user base. Facebook also snagged the service for a dizzying $21.8 billion last year despite the fact WhatsApp lost hundreds of millions of dollars in 2013 and 2014 combined. What Facebook continues to bank on is WhatsApp’s future money-making potential. The service may not be profitable now, but the social network has a booming user base to build a business around.
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