WhatsApp co-founder is leaving Facebook

01 May, 2018, 06:42 | Author: Patty Hardy
  • Prince Felipe of Spain Meets Whatsapp Founder Jan Koum And His Wife

Amid ongoing scrutiny over Facebook's privacy and security standards, WhatsApp founder Jan Koum announced Monday that he's leaving the company.

The Post also reported that Koum and other Facebook executives disagreed over ways to monetize Whatsapp. Facebook bought the chat app, which highlights and promotes encryption and user privacy, in 2014 for more than $19 billion.

Facebook has faced intense criticism since March when news broke that the personal data of millions of Facebook users had been harvested without their knowledge by Cambridge Analytica, a British voter profiling company that U.S. President Donald Trump's campaign hired to target likely supporters in 2016. "It is time for me to move on", he writes. On his Facebook page, Koum wrote that he is taking time to "do things I enjoy outside of technology", including "collecting rare air-cooled Porsches" and "playing ultimate frisbee".

Koum's departure comes just a day before Facebook's annual f8 developer conference, where the company is looking to move beyond the Cambridge Analytica scandal and the associated privacy backlash, but this announcement might just make those efforts a bit harder - especially since it brings back memories of Whatsapp co-founder Brian Acton and his departure from the company.

Facebook CEO Mark Zuckerberg responded to the post on Monday, writing he was thankful for what Koum taught him about "about encryption and its ability to take power from centralized systems and put it back in people's hands".

Exxon Mobil Corp. (XOM) Position Maintained by Rothschild Capital Partners LLC
Exxon's US production swung to a $429 million profit from a year-earlier loss. 34,599 are owned by Stellar Cap Management Llc. Total revenues and other income for the quarter grew to USD68.21 billion from USD58.67 billion in the previous year.

Jan Koum will also step down from Facebook's board of directors, a role he negotiated when WhatsApp was acquired by Facebook for $19bn in 2014, according to the Washington Post. But in coming months, Facebook has discussed plans to introduce ads to its "Status" feature, which allows users to post images and videos that disappear within 24 hours, much like on Instagram or Snap Inc.'s Snapchat, the person said. "Those values will always be at the heart of WhatsApp".

Privacy was WhatsApp's hallmark, and especially important to Mr. Koum, who grew up in Soviet-era Ukraine. The company once said it was built "around the goal of knowing as little about you as possible".

WhatsApp, a pun on the phrase "What's up?" grew in popularity in part because its messages are stored on users' smartphones and not on the company's servers, making the service more private and hard to hack. Acton left the company in November.

Despite the Post's reporting, Koum portrayed his departure in positive terms.

-Kirsten Grind contributed to this article.

Recommended:

  • Cowboys acquire WR Tavon Austin for 2018 sixth rounder

    Cowboys acquire WR Tavon Austin for 2018 sixth rounder

    Even if a bigger role materializes, Austin is unlikely to have 2018 fantasy value. For his career he's averaged a running back-like 8.7 yards per catch.
    Royal Dutch Shell First Quarter 2018 Results

    Royal Dutch Shell First Quarter 2018 Results

    This is something that Investors should look for in all the stocks they are trading and is an important indicator to keep tabs on. Here we perceived that this stock is unhealthy for investors as it is getting smaller in last half year duration.

    Granite Springs Asset Management LLC Invests $293000 in IBM (IBM) Stock

    Thomas Story Son Ltd Company has invested 0.19% of its portfolio in International Business Machines Corporation (NYSE: IBM ). Klingenstein Fields & Co Llc increased International Business Machine ( IBM ) stake by 23.61% reported in 2017Q4 SEC filing.
  • "Sound the Alarm" Helps Residents Replace Smoke Alarms

    Brown says they've worked with the Utica Fire Department to make sure they're covering the most vulnerable areas of the city. The American Red Cross responds to almost 64,000 disasters every year - the majority are house fires.
    Palestinian Child Dies From A Serious Injury Suffered Friday

    Palestinian Child Dies From A Serious Injury Suffered Friday

    There were no immediate details on injuries, but ambulances rushed to the scene and took away dozens of wounded. According to Gaza Health Ministry, the Israeli soldiers opened fire from across the border on protesters.
    Has the United Kingdom  economy stalled?

    Has the United Kingdom economy stalled?

    GDP growth was the slowest since the fourth quarter of 2012, with construction being the largest downward pull on GDP, falling by 3.3 percent.
  • Iran Blasts 'Unholy Partnership' Between US and Saudi Arabia

    Iran Blasts 'Unholy Partnership' Between US and Saudi Arabia

    Trump accuses Iran of supporting terrorism and says the 2015 deal does not do enough to block its path to acquiring nuclear weapons.
    FC Barcelona celebrated La Liga champions

    FC Barcelona celebrated La Liga champions

    It was the ninth league title for Messi, allowing him to surpass the record he shared with Xavi Hernandez. Each competition has its difficulty and its value and that is what we have to stay with.
    Tiger Woods plans to play in Wells Fargo Championship next week

    Tiger Woods plans to play in Wells Fargo Championship next week

    Tiger Woods has been confirmed to play in the Wells Fargo Championship and Players Championship next month, Sky Sports report. Woods won at Quail Hollow in 2007 but has not made the cut there since finishing fourth in 2009.
  • Golden Knights vs. Sharks live stream, Game 2

    Golden Knights vs. Sharks live stream, Game 2

    San Jose has converted on 21.0 percent of its power play opportunities this season, a figure that's right around league average. Eakin started the scoring barrage when he deflected Brayden McNabb's wrist shot from the point past Jones 4:31 into the game.
    ICE raid on Rome farm prompts Cuomo response

    ICE raid on Rome farm prompts Cuomo response

    Cuomo has issued a cease and desist letter to ICE to demand the immediate stop of unconstitutional enforcement actions. Homan responded hours later with a six-paragraph statement that accused Cuomo of "grandstanding".
    Indian Actress Priyanka Chopra Excited To Return To Bollywood

    Indian Actress Priyanka Chopra Excited To Return To Bollywood

    See you next week! Priyanka is reprising her role as Federal Bureau of Investigation agent Alex Parrish in the series. During the show, the actress participated in a segment with the other guest, popular magician David Blaine.


Popular

Trump should win the Nobel Peace Prize, South Korea's Moon says
In January, Mr Moon said Mr Trump "deserves big credit for bringing about the inter-Korean talks". Kavi Chongkittavorn is a veteran journalist on regional affairs . "All we need to take is peace".

Israel suspected in air strikes against Syria
At least 14 soldiers, including seven Iranians, were killed in the strike on a military base in Homs province. Israeli media reported that the security cabinet was due to hold an emergency session later Monday.

Crown Castle International (CCI) Receiving Somewhat Favorable Press Coverage, Report Shows
The highest price CCI stock touched in the last 12 month was $114.97 and the lowest price it hit in the same period was $93.14. Wetherby Asset Management Inc. boosted its stake in shares of Crown Castle International Corp .by 1.4% in the second quarter.

Morgan Stanley Analysts Set Merck KGaA (MRK) a €103.00 Target Price
Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt Corp stated it has 835,000 shares. Imperial Capital maintained Zebra Technologies Corporation (NASDAQ:ZBRA) on Wednesday , December 9 with "Outperform" rating.

Australia announces record investment in Great Barrier Reef
Doctor Alan Finkel says it's a welcome move - but some are questioning whether the government's announcement is too late. Prime Minister Malcolm Turnbull is looking to shore up support in Queensland ahead of next year's election.

Ron and Don: Boston's rookie phenom Jake DeBrusk a true Bruin
It was exactly what Bruins fans have come to expect from these guys. "In the end, our team had to pick up our play", Cooper said. It took a few days for the identity of the Tampa Bay Lightning's next opponent in the Stanley Cup Playoffs to be revealed.

English FA offered £800 million to sell Wembley stadium
But for a ground officially known right now as "Wembley Stadium connected by EE" that's maybe not such a leap. The Evening Standard reported Khan offered more than 500 million pounds (about $700 million) for the stadium.

How long will the Cubs be without Kris Bryant?
Now, it has simulated Saturday's game 10,000 times, breaking down every conceivable at-bat to produce a strong money line pick. Bryant has been out since Sunday, when he was hit in the head by a 96-mph fastball from Rockies starter German Marquez .

Apple Is Done With 3D Touch, Says Trusted Analyst
Kuo beforehand noticed that the 6.1-inch model wouldn't have 3D Touch, and now we have more insights about it. However, the 2016 iPhone SE did well without the 3D Touch by using an Android-esque long-press gesture.

Boeing (NYSE:BA) Shares Sold by M&T Bank Corp
Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website .