Author Topic: Report shows WhatsApp co-founder bites the hand that fed him billions of dollars  (Read 10454 times)

0 Members and 1 Guest are viewing this topic.

gurutek

  • Full Member
  • ***
  • Posts: 142
    • View Profile

How's this for gratitude. Back in October 2014, Facebook closed on its purchase of WhatsApp, paying $21 billion for the messaging app. The transaction made WhatsApp co-founder Brian Acton a wealthy man, as you might imagine. You might think that Acton, whose bank account is swollen with Facebook's money, would blindly praise Facebook and turn a blind eye to its bad deeds. But you'd be dead wrong.

According to BuzzFeed, Acton was speaking to students last Wednesday at Stanford University, his alma mater. He was one of the guest speakers for an undergraduate class called Computer Science 181, which teaches students about the social and ethical responsibilities that tech companies have. After discussing how he founded WhatsApp with Jan Koum after they both left Yahoo, he explained why he sold WhatsApp to Facebook. Acton felt responsible for the 50 WhatsApp employees that would get rich from the sale. He also had to think about the investors, and realized that with his minority stake in the company, he couldn't block the deal even if he wanted to. Both co-founders hoped that they could charge users a small fee, like it used to, to ward off Facebook's monetization plans, which involved selling ads. But Facebook ended up selling ads on the app, hastening the departure of Acton and Koum.

During his visit to Stanford, Acton gave the students a recommendation. "Delete Facebook," he said. This wasn't the first time he made this comment. About a year ago, after word first came out about the 87 million Facebook members whose profiles were used by Cambridge Analytica without their consent, Acton disseminated a simple tweet. "It is time," he wrote, followed by the hashtag #deleteFacebook.

Facebook, rightly or wrongly, has become the poster child for everything that has gone wrong with social media apps these days from selling user data to third parties, to accepting ads designed to manipulate the U.S. electorate. And while Acton is no doubt happy not to be a part of all of this, it still is unusual to spit in the face of a company that put billions of dollars in your bank account.


 

 

Some Android apps send Facebook personal data without obtaining consent - report

Started by mobify

Replies: 0
Views: 10542
Last post January 02, 2019, 08:27:03 AM
by mobify
WhatsApp to launch Ralph Breaks the Internet sticker pack

Started by gurutek

Replies: 0
Views: 8434
Last post November 26, 2018, 12:02:55 AM
by gurutek
WhatsApp to rollout Touch ID security feature for Android users

Started by droid

Replies: 0
Views: 12358
Last post January 11, 2019, 12:05:56 AM
by droid
New WhatsApp feature will soon allow users to detect spam and fake news

Started by mobify

Replies: 0
Views: 12623
Last post March 25, 2019, 06:59:52 AM
by mobify
WhatsApp beat Facebook to become world's most popular mobile app

Started by appmonstars

Replies: 0
Views: 14289
Last post January 18, 2019, 07:37:51 AM
by appmonstars