Officials remained firmly committed to a "patient" policy stance at their meeting earlier this month.The Fedread more
Stocks that would benefit from a federal infrastructure spending program fell after President Trump ended a meeting on infrastructure spending with Democratic leaders.Market Insiderread more
The president abruptly walked out of a meeting Wednesday, saying he would not negotiate with Democrats while they continue to investigate him.Politicsread more
Despite the president's claim that "you can't investigate and legislate simultaneously," certain must-pass pieces of legislation, including a debt ceiling hike, will...Politicsread more
Americans in certain areas of the country have significantly higher average credit scores than others. Experian's annual State of Credit report shows the average score in each...Spendread more
Amazon shareholders demanded the company to take action on a number of different issues during its annual shareholder meeting on Wednesday.Technologyread more
Talk about 5G is everywhere right now, from the trade-war with China to the ban on Huawei. Here's what 5G is and why it matters.Technologyread more
Controversial lawyer Michael Avenatti was indicted on charges of trying to extort athletic shoe giant Nike out of tens of millions of dollars by threatening to go public with...Politicsread more
More voters in five key industrial states disapprove than approve of Trump's handling of trade — 56% to 41%, according to a report.Politicsread more
Ireland's privacy watchdog, which leads supervision of Google in the EU, launched an inquiry into the firm's online advertising practices.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
WhatsApp, the messaging service Facebook paid $19 billion for last February, has grown to 700 million monthly active users, up from 600 million in August, according to CEO Jan Koum.
That's more than 200 million new users since the Facebook acquisition. Users are also sending more than 30 billion messages per day, Koum said.
Despite the massive user base, WhatsApp still doesn't have any plans to make money for Facebook (at least no plans the company is sharing). In October, Koum told Re/code that Facebook wasn't looking to monetize WhatsApp, and Facebook CEO Mark Zuckerberg has said in the past that he doesn't want to try to make money from WhatsApp until the service reaches a billion users.
Even at a couple hundred million new users per year, that means WhatsApp may still be a few years away from driving home some tangible revenue. (Some users already pay a small subscription fee.)
Tuesday's announcement is the latest growth milestone for Facebook, which now owns four products with more than 300 million active users apiece. Instagram hit that 300 million mark in December.
CNBC's parent NBCUniversal is an investor in Re/code's parent Revere Digital, and the companies have a content-sharing arrangement.