As it is said, " if you can't beat 'em, buy 'em ". By buying WhatsApp Facebook isn't just making a fairly safe investment - WhatsApp's fee of $1 per user per year is serious money if its current explosive growth continues, and the $4bn of actual cash Facebook is shelling out will be recouped in a couple of years even if it doesn't - but neutralising and monetising a potential competitor.
Four years ago, Brian Acton was looking for a job.
His job at Yahoo, where he’d filled many engineering roles over 11 years, had come to an end.
He was networking with recruiters:
He met with Twitter. Twitter said no:
He met with Facebook. Facebook said no:
So he and Jan Koum, a colleague from Yahoo, set out to do their own thing.
Today, they sold that thing to Facebook for 19 billion dollars.
Life is crazy. ^_^
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