Terms and conditions: "By tapping Agree, you accept the new terms and privacy policy, which takes effect on February 8, 2021. After this date, you'll need to accept these updates to continue using WhatsApp. You can also visit the HelpCenter if you would prefer to delete your account and would like more information."
What it means: In essence, the new changes to WhatsApp terms and privacy policy relate to how WhatsApp will share information within the Facebook group of companies and how any shared information will be used.