Question
A few days ago, surprisingly two Instagram founders Kevin Systrom and Mike Krieger resigned from Facebook. Systrom and Krieger said that they both decided to
A few days ago, surprisingly two Instagram founders Kevin Systrom and Mike Krieger resigned from Facebook. Systrom and Krieger said that they both decided to resign to continue to be creative in building new things that are needed by many people. Later, news circulated that the duo of Instagram founders had left because of friction with Facebook CEO Mark Zuckerberg regarding how Instagram was run.
Quoting the Recode page, Friday (28/9/2018), if examined further back, WhatsApp founder Jan Koum also left the largest social network in the world. Yes, both Instagram and WhatsApp are companies acquired by Facebook. In 2014, WhatsApp co-founder Brian Acton sold WhatsApp to Facebook for US $ 19 billion. Meanwhile, Instagram was bought by Facebook in 2012 with an acquisition value of US $ 1 billion. Most recently in an interview with Forbes, Acton expressed his regret for selling WhatsApp to Zuckerberg.
According to him, Zuckerberg has forced WhatsApp to enter the advertising business. A thing that Acton didn't want in the app at first.
"I'm selling user privacy for a huge profit. I make choices and compromises and have to live with it (regret) every day," said Acton. From this, there is an assumption that Facebook, which is one of the most successful companies in the world, is not a good place to sell startups.
In fact, previously, many said that Facebook's reputation as an acquirer was extraordinary. Moreover, if the companies that were acquired were extraordinary like Instagram and WhatsApp, and the founders had to get 'coercion' from Zuckerberg. No, no
some expect the founders to stay in the new parent company forever. But both Systrom, Krieger, and Koum did stay longer on Facebook than most of the founders of the other companies Facebook acquired.
Previously, founder Oculus Palmer Luckey also left Facebook. Worse, Luckey's departure from Facebook was reportedly tinged with drama.
Vice President of Facebook Messaging David Marcus also answered Acton's statement to Forbes. As an insider on Facebook, of course Marcus's position is to defend the company. Not quite there, Marcus also challenged Acton's characteristics regarding what it's like to work with Zuckerberg. "Today Forbes published an interview with Brian Acton that gave a statement, a reflection of events that were very different from the reality that I witnessed firsthand," said Marcus. Marcus defends Zuck - Zuckerberg's close nickname - which he thinks gives his men a lot more autonomy than other big tech companies. Marcus gave an example, Zuckerberg often defended WhatsApp's efforts regarding encryption. Marcus also criticized Acton for being passive-aggressive.
The assumption that Facebook is going to destroy the company it has acquired so far has not occurred. However, this also made Marcus feel angry. In fact, the two applications, namely Instagram and Whatsapp, still have more than a billion active users around the world. In fact, because of the acquisition, the founders of either Instagram or WhatsApp are now billionaires. "Connecting people is Facebook's mission and the harm is far less than the good," said Marcus.
QUESTION
Based on the news above, what is the solution for Facebook so that in the upcoming merger and acquisition process, it does not experience anything like the news above?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started