Published: Wed, September 13, 2017
Hi-Tech | By Ellis Neal

WhatsApp co-founder is leaving the company

WhatsApp co-founder is leaving the company

There was, however, no update on whether Brian is selling all of his stake in Whatsapp and Facebook while resigning or he would continue to own that. While Acton didn't mention when exactly he will be stepping off, sources tell VentureBeat the action will take place sometime this year in November. Incidentally, Acton had also interviewed at Facebook in 2009, but was not hired.

Acton had co-founded WhatsApp with Jan Koum in 2009 and agreed to sell it to Facebook in 2014 for approximately $19 billion Dollars in cash and stock. "I've made a decision to start a foundation focused at the intersection of nonprofit, technology and communications".

Confirming the news on his Facebook post, he said - "I am very fortunate at my age to have the flexibility to take new risks and focus on what I'm passionate about". WhatsApp was later in 2014 bought by Facebook for $19 billion in cash and stock. Acton continued by pointing out that the time has come for him to "focus and execute" his latest plan. He also declares that the decision to leave WhatsApp was "a tough one", as he is proud of his team and what they've managed to accomplish in "only a few years".

Brian Acton is the one who till now has led engineering internally for WhatsApp.

However, there's no clarity on what Acton will be working in future. Acton is now estimated to have a net worth of $6.5 billion, according to Recode.

It would be interesting to see where Brian Acton goes from here. "WhatsApp for Business" as it is being called recently saw a soft launch in India and BookMyShow is one of the company's known partners and early adopters.

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