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Technology and related articles and discussion
Facebook shares slip after Instagram founders quit
submitted 5 years ago by magnora7 from reuters.com
[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 0 fun4 insightful - 1 fun - 5 years ago (1 child)
Related: WhatsApp Cofounder Brian Acton Gives The Inside Story On #DeleteFacebook And Why He Left $850 Million Behind. TLDR: Facebook began trying to monetize WhatsApp in ways the founders didn't like, despite contract saying they wouldn't during the first 5 years.
[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 5 years ago (0 children)
Facebook began trying to monetize WhatsApp in ways the founders didn't like
That's always what it is. Big money comes in and tries to "capitalize" on an existing idea in a way that almost always ruins it. Then the website dies off, and the cycle starts again. It's sad.
[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 5 years ago (1 child)
Facebook owns instagram, of course. The founders leaving is an interesting signal. The fact it's more than one is very telling, I bet they no longer agree with the direction the product is being taken.
[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 5 years ago (0 children)
Yeah something must have rubbed them very wrong. It looks like they lasted 6 years which I'm sure is longer than their contractual obligation. They probably had the freedom to work 2 days a week or do whatever the heck they wanted, but still left.
[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 0 fun4 insightful - 1 fun - (1 child)
[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (0 children)
[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (1 child)
[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (0 children)