Here are some of the points that you should read to understand the new WhatsApp terms & conditions.
1) Data Sharing With Facebook
WhatsApp can now share your data like your phone number with Facebook which will help them to target better ads and improve friend suggestions. Facebook can also read device type, connection information, usage and software information, although messages will continue to be encrypted.
2) Services are coming on WhatsApp
3) New Copyright Tools
The new WhatsApp policy update has a section on intellectual property, copyrights and trademarks. It suggests that WhatsApp may give users an option to claim copyright infringement against profile picture.