Facebook Rejected Him - Then They Paid Him $19 Billion
Portfolio Pulse from Aaron Bry
In 2009, Brian Acton was rejected by Facebook, now Meta Platforms Inc (NASDAQ:META), only to sell his company, WhatsApp, to them for $19 billion in 2014. Acton, who held a 20% stake in WhatsApp, netted more than $3 billion from the acquisition. Sequoia Capital, an investor in WhatsApp, also made significant returns from the deal. Today, WhatsApp has over 2 billion active users and is run by Meta along with Facebook and Instagram.
August 04, 2023 | 2:40 pm
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POSITIVE IMPACT
Meta's acquisition of WhatsApp in 2014 for $19 billion has led to significant growth in user base, with over 2 billion active users today. This acquisition continues to contribute to Meta's overall value.
The acquisition of WhatsApp has significantly increased Meta's user base, which is a key factor in the company's valuation. The continued growth and popularity of WhatsApp indicates that this acquisition continues to contribute positively to Meta's overall value.
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