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'This Week': Facebook and WhatsApp
He Wanted A Job; Facebook Said 'No' -- In A $3 Billion Mistake
Collecting air cooled Porsches must be an expensive hobby, though. Acton has also suggested he was used by Facebook to help get its acquisition of WhatsApp past EU regulators who had been concerned it might be able to link accounts — as it subsequently did. Or else they were mostly just thinking of the billions Facebook was paying them. Acton said he tried to push Facebook towards an alternative, less privacy hostile business model for WhatsApp — suggesting a metered-user model such as by charging a tenth of a penny after a certain large number of free messages were used up. And we moved on.
The deal, which is the largest acquisition by the Mark Zuckerberg-led firm, is even bigger than what Facebook offered Snapchat. But that is understandable given that WhatsApp is arguably the biggest messaging company out there, and an obvious rival to Facebook in that capacity. The tweets below symbolise how Acton took the rejections in stride and looked to the future for better prospects, which eventually paid off, resulting in one of the largest-ever venture-backed deals. Facebook turned me down. It was a great opportunity to connect with some fantastic people. Looking forward to life's next adventure.
The next three weeks are among the rockiest, on a historical basis, of the entire calendar. An annual survey by Piper Jaffray finds iPhone that users willing to upgrade to newly released models declined from last year. The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than , British customers New York Fed President John Williams said Monday that the central bank acted quickly during last week's jolt to overnight lending markets and that the issue appears resolved The U. The launch was delayed from April after reviewers found it broke easily. Samsung says it has fixed
In the middle of , Brian Acton was the software engineer that no one wanted to hire. Despite a dozen years of experience at Yahoo and Apple Computer, he got turned down by two of the Internet's brightest stars at the time. Then Facebook rejected him in August. When Acton couldn't find work at another big-name company, he took his chances on the start-up route instead. That rebound isn't just good news for him. It's certain to become a legendary story of hard luck, persistence -- and vindication -- among job-hunters worldwide. It's also likely to cause recruiters and hiring managers some anguish.
It turned out to be an expensive mistake for Mark Zuckerberg. That adventure involved Acton and partner Jan Koum, a Ukrainian immigrant whose childhood experience of Soviet era surveillance inspired the WhatsApp messaging service. Now a blockbuster deal has turned them into multibillionaires. In poignant nod to Koum's rags to riches success, the deal was signed in a now empty office block where his family once collected their food stamps. The men are an unlikely double act. While Koum survived a tough schooling in a village outside Kiev and dropped out of San Jose State University, Acton, a Stanford computer science graduate, whiled away his time playing golf in suburban Florida.
Yes, you read that correctly, that's billion with a capital 'B. What's particularly interesting, if not downright inspirational, is that Acton -- himself a former Apple engineer -- applied for jobs at both Twitter and Facebook way before WhatsApp became a wildly popular mobile app. Both times he was rejected. Facebook turned me down. It was a great opportunity to connect with some fantastic people. Looking forward to life's next adventure. And joining Acton as a Facebook reject was Koum, who also interviewed there and wasn't offered a job.