WhatsApp cofounder Brian Acton has broken his silence about why he left Facebook last year in an explosive interview with Forbes— and it is a gnarly Silicon Valley fight for the ages.
Acton left Facebook in 2017, three years after the company acquired WhatsApp for $16 billion. His cofounder, Jan Koum, left in 2018 and is, according to Forbes, uncontactable while sailing in the Mediterranean.
Acton provided the first official confirmation that things were extremely icy between the WhatsApp team Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg.
He recounted one meeting where he was dragged before Zuckerberg and Facebook’s lawyers about how Facebook could make money from WhatsApp. The messaging app’s founders have been famously reluctant to introduce ads into the service, but that’s also Facebook’s primary way of making money.
Specifically, they wrangled over whether Facebook’s insistence on introducing ads into WhatsApp meant that Acton could exit and take his full allocation of stock.
The $16 billion acquisition price comprised $4 billion in cash, and $12 billion in Facebook shares. If Facebook ever introduced ads against the founders’ will, they could take all their allocated stock before the agreed four-year time period.
Facebook’s lawyers didn’t think exploring monetization broke the agreement. According to Acton, Zuckerberg apparently told him: “This is probably the last time you’ll ever talk to me.”
Despite three years at Facebook and heading up its most expensive acquisition to date, Acton said he never became close to Zuckerberg. “I couldn’t tell you much about the guy.”
This somewhat stacks up with reports about Zuckerberg’s personality — the kinder suggest he’s only close to a small group of friends, while the less kind portray him as emotionless.
Acton’s explosive account comes just as another pair of founders quit Facebook: Instagram founder Kevin Systrom and Mike Brier, again with reported tensions with Zuckerberg.
Source: Business Insider