WhatsApp CEO leaving Facebook

skeptic_SA

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RedViking

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7) Posting links by themselves is generally NOT acceptable. This is considered "Link Dropping" and can be a form of Trolling. Please include a small summary of what the link is about.
WhatsApp founder and Chief Executive Officer Jan Koum is leaving Facebook Inc., just a few years after his messaging app was acquired by the social-media giant for $22 billion.

With Koum’s departure, Facebook loses one of its staunchest internal advocates for user privacy, amid a broader crisis of trust over Facebook’s treatment of personal data. Koum posted his plan to depart on his Facebook page, saying the decision was emotional. His mobile-messaging tool, which has been kept separate from Facebook’s main social network, its Messenger app and other businesses, is known for offering end-to-end encryption, meaning only the sender and recipient can see the content of messages. The app has about 1.5 billion users worldwide. The news received a quick response from Facebook CEO Mark Zuckerberg.

“I’m grateful for everything you’ve done to help connect the world, and for everything you’ve taught me, including about encryption and its ability to take power from centralized systems and put it back in people’s hands,” Zuckerberg wrote. “Those values will always be at the heart of WhatsApp.”

The Washington Post reported earlier that Koum is exiting the company after clashing with Facebook over strategy, and that he also plans to leave Facebook’s board. The other co-founder of WhatsApp, Brian Acton, also left recently — and last month posted the #DeleteFacebook hashtag during the social network’s scandal over user privacy.

When asked who will replace Koum at the head of WhatsApp, or whether he plans to remain on Facebook’s board, the company said it had no comment. The company also declined to comment on whether Facebook plans to start advertising on WhatsApp — a business model the founders promised they would never use.

Facebook’s purchase of WhatsApp in 2014 was quick and expensive, at a time when Zuckerberg was racing to expand the company’s reach on mobile devices. Koum is the only executive to have been given a board seat as part of a Facebook acquisition. It was unclear at the time how the social network might implement its business model — based on gathering user data to better target advertisements — at WhatsApp, and there was a clash of cultures from the beginning. Koum and Acton remained committed to privacy and encryption, while Facebook needed to find a way to make money from the app.

WhatsApp’s strict encryption helps Facebook serve an audience that cares deeply about privacy, but it has gotten the company into other kinds of legal trouble. Facebook has been frequently sued around the world for records related to potentially criminal conversations on WhatsApp, which the company says it can’t access because of the app’s encryption.

Koum didn’t elaborate on his reasons for leaving aside from saying in his statement that it’s time for him to move on after almost a decade. “I’m taking some time off to do things I enjoy outside of technology, such as collecting rare air-cooled Porsches, working on my cars and playing ultimate frisbee,” Koum wrote. “And I’ll still be cheering WhatsApp on – just from the outside.”
 

C4Cat

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WhatsApp founder and Chief... /snip
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RedViking

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"there was a clash of cultures from the beginning. Koum and Acton remained committed to privacy and encryption, while Facebook needed to find a way to make money from the app.

WhatsApp’s strict encryption helps Facebook serve an audience that cares deeply about privacy, but it has gotten the company"

 

Rocket-Boy

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Maybe they will start spamming ads on whatsapp and I can then finally get everyone to move to telegram.
Can only hope.
 

sajunky

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.LOL. The event had been used to advertize Whatsapp encryption.

Whatsapp is not about security, since a takeover is not about privacy.
Whatsapp account can be cloned and it is actually very easy. Whatsapp didn't do any meassure to let users to know who else is piggybaccked to the account and to disconnect participants.
 

Newsfeed

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WhatsApp CEO leaving Facebook may cost him $1 billion

Jan Koum’s exit from Facebook Inc. could cost him as much as $1 billion.

The chief executive officer of messaging unit WhatsApp confirmed in a Facebook post Monday that he’s leaving the company.

The announcement precedes the final three vesting dates of restricted stock awards tied to Facebook’s $22 billion purchase of WhatsApp in 2014.

“It is time for me to move on,” Koum, 42, said in the post. “I’m taking some time off to do things I enjoy outside of technology, such as collecting rare air-cooled Porsches, working on my cars and playing ultimate Frisbee.”
 

sajunky

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Will see Facebook stock prices few months from now, so future rewards may be not so high.
 
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