In 2014, Facebook completed its acquisition of WhatsApp, a popular mobile messaging application. The acquisition aimed to expand Facebook’s reach in the rapidly growing mobile communication sector.

Following the announcement of the deal’s completion, Facebook’s stock (FB) saw a positive response in the market. Investors viewed the acquisition as a strategic move that would enhance Facebook’s long-term growth prospects and solidify its dominance in the social media landscape.

Analysts noted that the integration of WhatsApp’s user base and technology would provide Facebook with valuable data and opportunities for targeted advertising. The acquisition also helped Facebook to compete more effectively with other messaging platforms and social networks.

The positive stock reaction reflected investor confidence in Facebook’s ability to successfully integrate WhatsApp and leverage its assets to drive future growth and profitability.