"We offer end-to-end encryption for our Services. End-to-end encryption means that your messages are encrypted to protect against us and third parties from reading them," the company says.
What It Means for WhatsApp Users
It means that WhatsApp will have the power to share its users' data with Facebook, despite Facebook's repeated controversies regarding privacy breaching.
The new policy does not offer a choice to opt-out of data sharing. The data includes your phone number for your WhatsApp account, your profile name, your photo, who you've been contacting, and the in-app transactions you've made over WhatsApp.
For the last couple of years, Facebook has been on an acquisition spree.
WhatsApp remains Mark Zuckerberg's most significant acquisition deal with a record of $22 billion in 2012. Instagram, a photo and video sharing media, merged with Facebook in the same year for $1 billion. Facebook purchased Oculus VR two years later for $2 billion, and its most-recent acquisition deal occurred in 2019 when Facebook bought CTRL-Labs for $500 million.
In December 2020, Facebook was in hot water after the US government and 48 states filed a parallel lawsuit against the social media behemoth in a "major antitrust offense," accusing Zuckerberg and co to intentionally 'crush rivals' following the acquisition spree.
"Instead of competing on the merits, Facebook used its power to suppress competition so it could take advantage of users and make billions by converting personal data into a cash cow," said the leader of the campaign, Latitia James, as noted from the suit. James is also a New York-based legal attorney.