WhatsApp founders Brian Acton And Jan Koum have resigned from Facebook after failing to see eye to eye with its founder Mark Zuckerberg on the future of WhatsApp.
The duo sold WhatsApp to Facebook in 2014 for a whopping 22 billion dollars and Facebook shares.Their decision to leave Facebook will cost them 185 million dollars in total.
According to Acton he learned that there were plans and technologies to blend data.Specifically, Facebook could use numbers assigned to each phone as a kind of bridge between accounts.
The other method was phone-number matching or pinpointing Facebook accounts with phone numbers and matching them to WhatsApp accounts with the same phone number.
Linking these overlapping accounts was a crucial first step toward monetizing WhatsApp. The terms-of-service update would lay the groundwork for how WhatsApp could make money.
During their discussions with Zuckerberg over these changes Facebook sought “broader rights” to WhatsApp user data but WhatsApp’s founders pushed back reaching a compromise with Facebook management.
A clause about no ads would remain but Facebook would still link the accounts to present friend suggestions on Facebook and offer its advertising partners better targets for ads on Facebook. WhatsApp would be the input, and Facebook the output.
WhatsApp founders decried Facebook’s surveillance-based business model and targeted advertising while they had promised its users “No ads, no games, no gimmicks.
The two founders chose to walk away losing 185,000,000 in total.According to Acton the money is nothing compared to his moral standards as a human being.