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I have a question that the article doesn’t answer. If the original founders left because of disagreements on advertising as the monetization model for WhatsApp,
by newscracker 8y ago
I have a question that the article doesn’t answer. If the original founders left because of disagreements on advertising as the monetization model for WhatsApp, are they still holding on to Facebook stock for their $3 billion and $9 billion net worth (respectively)? Or have they sold those since those shares are valued because of the advertising that Facebook pushes? The answer to this would say a lot about their claimed commitment to privacy and their stance against ads.
My next point is a prediction. WhatsApp will remove end to end encryption as the default very soon. With Facebook wanting to grow its revenues and profits (like most other companies), this is too attractive to let it stay as it has been for the last few years. At least some WhatsApp employees seem to have some kind of a moral compass on this topic, and I’d expect several of them to leave when this change is announced later this year or early next year.
- seandhi 8y ago> When Mr. Acton departed Facebook, he forfeited about $900 million in potential stock awards, according to people familiar with the matter. Mr. Koum is expected to officially depart in mid-August, in which case he would leave behind more than two million unvested shares worth about $400 million at Facebook’s current stock price. Both men would have received all their remaining shares had they stayed until this November, when their contracts end. 4 billion dollars of the 22 billion was cash. The remaining 18 billion was in Facebook stock[1]. Most likely, they still have stock in Facebook. [1] https://www.investopedia.com/articles/investing/032515/whatsapp-best-facebook-purchase-ever.asp https://www.investopedia.com/articles/investing/032515/whats...