Newly Facebook-owned WhatsApp lost roughly $200M in 2 years
arstechnica.com/business/2014/10/newly-facebook-owned-whatsapp-lost-roughly-200m-in-two-years/#p3
From the page
Saved with the link. Notes from 2007 to 2016 are mostly the page's own words, so this is probably an excerpt.
Several months ago, Facebook acquired messaging startup WhatsApp for a whopping $16 billion, plus an additional $3 billion for its founders and small staff. On Tuesday, Facebook announced that in 2012 and 2013, WhatsApp lost a combined $192.8 million. (WhatsApp famously has no advertising, and its current revenue model is to make money off annual subscription fees.)