Just as Facebook was getting its mobile footing, a new breed of messaging apps are threatening the company’s fortunes. “The hot apps include Kik and Whatsapp, both products of North
American startups, as well as Kakao Inc's KakaoTalk, NHN Corp's LINE and Tencent Holdings Ltd's WeChat, which have blossomed in Asian markets,” Reuters reports. “Combining elements of text
messaging and social networking, the apps provide a quick-fire way for smartphone users to trade everything.”