Earlier quoted context omitted.
Imagine how useful it would be if when there is a notification about a friend on Facebook, you could peek it by swiping on the notification in the android drawer like you can with texts, without entering the Facebook app. Nope. Engineers are dedicated there to increasing other things than the utility of the app. Interests aren't aligned with the users. Same with removing chronological feeds. Turn things more and more…
The most frustrating change for me was FB (or Messenger later) used to send me an email when I received a message, with the message content inside the email. A few years ago they removed the content from the email and forced me to log into FB or Messenger to see the message. It's extremely user hostile.
Behind the Messy, Expensive Split Between Facebook and WhatsApp’s Founders
121–130 of 372 posts
Re: Behind the Messy, Expensive Split Between Facebook and WhatsApp’s Founders
#122This is one of the weirdly recurring founder stories of 'after you sold something for good money, you don't get to tell the buyer what to do with it'.
Re: Behind the Messy, Expensive Split Between Facebook and WhatsApp’s Founders
#123I've had a tremendous amount of respect for Mark Zuckerberg as a leader, and have gone out of my way to defend him in the past ( https://news.ycombinator.com/item?id=17128369 ). I always envisioned whatsapp as a defensive purchase that would stay true to its initial vision (perhaps being used to prop up their other products in an unintrusive manner). But this article makes me realize Mark is s a one-trick advertising…
Imagine how useful it would be if when there is a notification about a friend on Facebook, you could peek it by swiping on the notification in the android drawer like you can with texts, without entering the Facebook app. Nope. Engineers are dedicated there to increasing other things than the utility of the app. Interests aren't aligned with the users. Same with removing chronological feeds. Turn things more and more…
Re: Behind the Messy, Expensive Split Between Facebook and WhatsApp’s Founders
#124Earlier quoted context omitted.
That doesn't scale nearly to the $20 billion they were bought at. Yelp, which has a similar business model to what you quoted, and is more essential to businesses than WhatsApp, only has a market cap of $3.6 billion.
I'm not sure you understand how popular Whatsapp is outside the US. No one in my country has heard of Yelp (201 million population). Everyone uses Whatsapp daily. Whatsapp has 1.5 billion active users.
You see it on the ads side as well, ads to U.S. or European customers can pay 10 times as much as an ad to a Latin American.
Re: Behind the Messy, Expensive Split Between Facebook and WhatsApp’s Founders
#125My next point is a prediction. WhatsApp will remove end to end encryption as the default very soon. With Facebook wanting to grow its revenues and profits (like most other companies), this is too attractive to let it stay as it has been for the last few years. At least some WhatsApp employees seem to have some kind of a moral compass on this topic, and I’d expect several of them to leave when this change is announced later this year or early next year.
Re: Behind the Messy, Expensive Split Between Facebook and WhatsApp’s Founders
#126> When Mr. Acton departed Facebook, he forfeited about $900 million in potential stock awards, according to people familiar with the matter. Mr. Koum is expected to officially depart in mid-August, in which case he would leave behind more than two million unvested shares worth about $400 million at Facebook’s current stock price. Both men would have received all their remaining shares had they stayed until this Novem…
Giving up $400 mil for 3 months? I mean I know they're loaded either way but come on...
The definition of being rich in my mind is the very concept of being able to walk away from that kind of money for your own sanity.
Re: Behind the Messy, Expensive Split Between Facebook and WhatsApp’s Founders
#127Earlier quoted context omitted.
Maybe I'm just not creative enough, but what is a better alternative? Let's say you have a subscriber model, but than what kind of world will it be where only the wealthy have access to these communication technologies and access to social information. Or you have a hybrid ad model with the ability to opt out by paying some fee. Than what kind of world will that be when privacy is a luxury item limited to how much yo…
In the past the function of the "phone company" was a paid for service which provided for your communication needs. You didn't have to listen to ads before you could talk to your friends but you did occasionally get unwanted calls. This medium reached people rich and poor, all around the world. The challenge here is greed. One of the interesting topics in economics is the ability to subvert the supply-demand curve by…
Re: Behind the Messy, Expensive Split Between Facebook and WhatsApp’s Founders
#128"WhatsApp also negotiated for nicer bathrooms, with doors that reach the floor." This is not a norm in silicon valley/states?
Re: Behind the Messy, Expensive Split Between Facebook and WhatsApp’s Founders
#129Earlier quoted context omitted.
Facebook ads genuinely add value though. 78% of randomly polled US consumers discovered a new product that interested them on Facebook: https://image.slidesharecdn.com/internettrendsreport2018-180... (From Mary Meeker's 2018 report).
Just because someone is convinced to part with their money does not mean they meaningfully added value to their life. Certainly generates value for Facebook and retail, though.
Re: Behind the Messy, Expensive Split Between Facebook and WhatsApp’s Founders
#130Earlier quoted context omitted.
Giving up $400 mil for 3 months? I mean I know they're loaded either way but come on...
At some point don't you think you just have enough? What's another $400 million in the bank at that point? I mean maybe you could put that towards causes you believe in, but that's kind of the only argument I see for staying. The definition of being rich in my mind is the very concept of being able to walk away from that kind of money for your own sanity.