Boosting the adoption of messaging service WhatsApp in the United States and some other markets is proving difficult, co-founder Brian Acton said, but the company will still create substantial revenue for prospective parent Facebook Inc."Growth in the United States is a challenge for us," Acton said on Wednesday after a talk at StartX, an incubator for young companies affiliated with Stanford University.He also cited Japan and Taiwan as countries where "we could have been more successful with a little bit more effort."But Acton otherwise struck an upbeat tone in his first public comments since Facebook said earlier this year it would acquire fast-growing WhatsApp for $19 billion in cash and stock.
Facebook, Inc. (Facebook) is engaged in building products to create utility for users, developers, and advertisers. Shares of FB traded higher by 0.41% or $0.26/share to $63.60. In the past year, the shares have traded as low as $22.67 and as high as $72.59. On average, 66640400 shares of FB exchange hands on a given day and today's volume is recorded at 35874280.
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