WhatsApp co-founder Brian Acton is leaving the company to pursue new venture

By : |September 13, 2017 0

WhatsApp co-founder Brian Acton is leaving the company after eight years of service to start a new foundation, he said in a Facebook post on Tuesday.

“I’ve decided to start a non-profit focused at the intersection of nonprofit, technology and communications. It’s something I’ve thought about for a while, and now it’s time to just focus and execute. I’ll have more to share in the coming months,” wrote Acton.

Acton, a Stanford alumnus, co-founded WhatsApp with Ukrainian immigrant Jan Koum in 2009. The duo worked at Yahoo before starting WhatsApp. In 2014, Facebook bought WhatsApp for $19 billion in cash and stock.

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Though at the moment, it isn’t known what will be Acton’s new endeavor, he certainly has money to throw around. Forbes estimates Acton’s net worth at $6.5 billion.

WhatsApp is today one of the most-used chat apps in the world, with 1.3 billion monthly active users and 1 billion daily active users. WhatsApp recently launched monetization efforts that had been in the works for more than a year centered around connecting businesses with WhatsApp users.

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