American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
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The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread 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.