Around the Net

Messaging App Line Raking In Revenue

Did Facebook buy the wrong messaging app? Well, Line just saw its revenue double year-on-year to $192 million. As TechCrunch points out, news of the messaging service’s strong performance comes days after “Facebook revealed that WhatsApp, its $18 billion messaging app acquisition, posted an overall loss for the first half of this year.” At least for the moment, WhatsApp boasts a far bigger marketshare than Line. The Facebook unit currently has roughly 600 million active monthly users, compared to Line’s 170 million monthly active users.

Read the whole story at TechCrunch »

Next story loading loading..