Facebook and WhatsApp
WhatsApp is an extremely popular messaging app across multiple platforms that serves up over 10 billion messages a day. Today, Facebook has acquired WhatsApp for $16 billion, and it’s official with a filing with the SEC . The purchase breaks down as $4 billion in cash, and $12 billion in Facebook stock with a potential $3 billion in employee stock payouts. Also, WhatsApp founder Jan Koum will join the Facebook board of directors.
His job at Yahoo, where he’d filled many engineering roles over 11 years, had come to an end.
He was networking with recruiters:
networking with recruiters, venture capitalists, playing ultimate frisbee—
Brian Acton (@brianacton) May 20, 2009
He met with Twitter. Twitter said no:
Got denied by Twitter HQ. That’s ok. Would have been a long commute.—
Brian Acton (@brianacton) May 23, 2009
He met with Facebook. Facebook said no:
Facebook turned me down. It was a great opportunity to connect with some fantastic people. Looking forward to life’s next adventure.—
Brian Acton (@brianacton) August 03, 2009
So he and Jan Koum, a colleague from Yahoo, set out to do their own thing.
Life is crazy.
- 4x the market cap of BlackBerry
- Approximately one-third the market cap of Ford
- 2.8x the market cap of GroupOn
- Effectively equal to the market cap of The Gap
- Slightly more than Sony’s market cap (around 10 percent)
- Around three-fourths the market cap of Delta
- 7.5 Mark Cubans
- Almost precisely one-third of HP’s market cap
- 2 nuclear submarines
- 62 percent of Twitter’s market cap
- 76,000 trips to space on Virgin Galactic
- Almost 60 percent of Sprint’s market cap
- 25 Instagram acquisitions