This is why WhatsApp CEO may lose R12 billion

Jan Koum co-founder and CEO of Whats App speaks at the WSJD Live conference in Laguna Beach California
Jan Koum co-founder and CEO of Whats App speaks at the WSJD Live conference in Laguna Beach California
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03 May, 2018

"It's been nearly a decade since Brian and I started WhatsApp, and it's been an unbelievable journey with some of the best people", Koum, WhatsApp's chief executive, said in a post on his Facebook page referring to co-founder Brian Acton.

According to Zuckerberg, about 2 billion minutes spent by users on personal calls in WhatsApp messenger, therefore it was made a decision to introduce the feature of group video calling. The team is stronger than ever and it'll continue to do wonderful things.

42-year-old, Koum said, "It is time for me to move on".

One of WhatsApp's founders, Jan Koum, will part ways with Facebook following the monster data scandal plaguing the company. And now Jan Koum has also left the Facebook amid data privacy issues, this may be time to ditch WhatsApp before that promise leaves with him. The social networking company, Facebook declined to comment on Koum's departure date.

WhatsApp's management has fiercely opposed advertising, saying in 2012 they did not want to be "just another ad clearinghouse" where the engineering team "spends their day tuning data mining".

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The problem, according to the report, was that Facebook was talking about weakening the data protection privacy in WhatsApp.

Meanwhile, WhatsApp was founded by Jan Koum and Brian Acton in 2009 and rose to become one of the most used instant messaging and communication apps in the world. "Those values will always be at the heart of WhatsApp". So were regulators in Europe, where WhatsApp is most popular.

Zuckerberg is already expected to reiterate some of the apologies he's been offering in the wake of revelations that Facebook allowed Cambridge Analytica, a data mining firm tied to President Donald Trump's 2016 campaign, to obtain personal information from as many as 87 million of its users. Facebook's enormous profits, meanwhile, are powered nearly entirely by advertising targeted to its users' interests.

Facebook bought WhatsApp back in 2014 for $16 billion.

Koum confirmed his departure from WhatsApp Monday on his Facebook page.


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