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WhatsApp Cofounder Brian Acton on Why He Left $850M Behind

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351–360 of 413 posts

Re: WhatsApp Cofounder Brian Acton on Why He Left $850M Behind

#351

I feel like I'm coming across more of these "exit, then atone" profiles and none of them seem to have any teeth. They read like self-help articles for the ultra-rich: "Broken moral compass keeping you up at night? Try driving a Honda Odyssey." I get it; you took the money. I'd sure as hell take the money. One anecdote about sniping at Sheryl Sandberg is washed away by this milquetoast sentiment: “It was like, okay, w…

I also fail to see how driving a minivan makes you a better person. I don't understand why we fetishize the rich who live like they aren't. I get not overconsuming, but if you're gonna buy a car might as well make it a nice one - the impact is basically the same.

Exactly, anyone who buys a car as bad as any other.

Re: WhatsApp Cofounder Brian Acton on Why He Left $850M Behind

#352
post #117

Mark Zuckerberg seems to be the master of putting things in contracts that play out in his favor. The article says they wanted a clause that granted them approval over monetization strategies. So Zuckerberg gave them some version that he knew had no teeth in order to close the acquisition. But he got exactly what he wanted in the end, without any real compromise. This falling out with Acton and Joum seem like just an…

It is not like he personally wrote those contracts! Like any mega corp, FB must be having super high priced lawyers who do the dirty work.

Hell, I am a lowly engineer in a tiny company who got screwed by a single line in a contract. I saw first hand what lawyers can do.

Re: WhatsApp Cofounder Brian Acton on Why He Left $850M Behind

#353

Earlier quoted context omitted.

Let's encrypt and wikipedia are not-for-profit. If they charge americans $2/month and eastasians $0, then people will be outraged, and they'll find a way to get it for free anyway.

I would ask for proof people would be outraged. Google and Facebook have used their overwhelming first world profits to fund internet ventures in the third world, and no one is outraged over the actions except for the blatant colonialism those actions represent.

They have never offered the same service to an identical identity type (e.g. person/government/corporation/school are all different), but charging for one and not the other.

Re: WhatsApp Cofounder Brian Acton on Why He Left $850M Behind

#355
post #45

Earlier quoted context omitted.

From the article (first paragraph, too): > Brian Acton, who left Facebook a year ago — before going on to publicly bite the hand that fed him, by voicing support for the #DeleteFacebook movement (and donating $50M to alternative encrypted messaging app, Signal) And: > And for leaving a cool ~$850M in unvested stock on the table by not sticking it out a few more months inside Zuckerberg’s mothership, as co-founder Jan…

You left out the part where he expected and tried to get the $850M but FB’s lawyers pushed back and he settled after burning bridges. $50M is 0.7% of his net worth last I checked (maybe it’s changed). Look, I’m glad they’re not still at Facebook but this is hypocritical posturing. They’re not giving the money back. They’re crying all the way to the bank.

$olid insight, friend. You're post is the only one that mentions the word hypocrisy. $uppose FB had hired him when he applied for a job. Now suppose he's a mid level manager with a net wealth of 10-20m instead of the co-founder of a messaging app worth over 1b. I seriously doubt he would have all of these ethical qualm$ and be leaving the company.

Re: WhatsApp Cofounder Brian Acton on Why He Left $850M Behind

#356

I want to tell a story about Whatsapp that is unrelated to that, but incidental, and the reason why this seems too much to me. I don't like the company even if I use Whatsapp every days since the start, because when it started to spread in Europe, at the start of the iPhone and Apple store era, Whatsapp was the worst thing ever in the app store in terms of how strongly they advertised their platform, almost in a spam…

This reads less like a story and more like a rant. You don’t like the app or it’s root, so what? I’m not clear what your stories intention is.

Re: WhatsApp Cofounder Brian Acton on Why He Left $850M Behind

#357

I feel like I'm coming across more of these "exit, then atone" profiles and none of them seem to have any teeth. They read like self-help articles for the ultra-rich: "Broken moral compass keeping you up at night? Try driving a Honda Odyssey." I get it; you took the money. I'd sure as hell take the money. One anecdote about sniping at Sheryl Sandberg is washed away by this milquetoast sentiment: “It was like, okay, w…

I also fail to see how driving a minivan makes you a better person. I don't understand why we fetishize the rich who live like they aren't. I get not overconsuming, but if you're gonna buy a car might as well make it a nice one - the impact is basically the same.

To be honest, no matter how much money I had, I'd still buy my Odyssey again. I looked at the Tesla X. They even let me drive one for a day. It was great for me, the driver. It was terrible for my passengers. It's uncomfortable and has no amenities.

I checked with Mercedes and BMW and Lexus too. All nice cars, but none as nice as the Honda.

If you regularly haul around 2 kids and 4 adults like I do, honestly, the Odyssey is the best thing you can get.

Re: WhatsApp Cofounder Brian Acton on Why He Left $850M Behind

#358
post #334

Earlier quoted context omitted.

You could cache encrypted messages on a P2P network until the offline party comes online. There is no money in that, but from a technical PoV it is very doable. Systems like the lightning network on Bitcoin or Raiden on Ethereum are working on something similar for outsourced channel monitoring (aka watchtowers).

You could, but in order to make that reliable, you have to use a lot of other people's space storing other people's messages... It's a lot simpler to keep it reliable if the service owner owns this (this is also part of the reason the Skype supernodes moved to be company hosted)

How much replication do you need? 10x? 20x? If these are text messages that's probably less than 10KB per person per week of being offline. Delete the messages if the recipient hasn't come online in a week.

I believe you could build a highly reliable P2P offline texting app without any centralized services. I'm not sure anyone would want it and it seems difficult to monetize, but it is doable.

Re: WhatsApp Cofounder Brian Acton on Why He Left $850M Behind

#359

Here's an interesting post about the departure from the perspective of a Facebook exec: https://www.facebook.com/notes/david-marcus/the-other-side-o...

>"Don’t be passive-aggressive about it. And by the way the paid messaging that WhatsApp is rolling out now sounds pretty similar to metered messaging from my point of view..."

Takes a certain type of person to add a passive aggressive dig after telling someone not to be passive aggressive.

Re: WhatsApp Cofounder Brian Acton on Why He Left $850M Behind

#360
post #320

Earlier quoted context omitted.

Also, the extreme divide between rich and poor has always existed. I’ve never seen a strong data-supported case that it’s any worse today than 100 or 1000 years ago.

It’s slightly ironic to have to state this point on HN; it was once considered the status quo which had to be disrupted.

I agree with this point, as I have a strong distaste for the premise the above poster used: "This is the way things have always been". Implying, why try to change them? Women regularly died in childbirth for thousands of years, but do we hear anyone complaining about knowledge of sterile fields and advances in modern medicine?

If anyone is looking for data-driven cases on the scale and negative consequences of the increasing divide between rich and poor, I've found some good resources in Robert McChesney's The Digital Disconnect, Joseph Stiglitz's The Price of Inequality, and probably most famously Thomas Piketty's 2014 book Capital in the Twenty-First century which Gates himself even recommended, ironically enough. All these books come under criticism for supposed ideological undertones, but even skeptics generally respect the underlying economic data.

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