As soon as the ink dried on Facebook’s acquisition of messaging application WhatsApp, industry leaders questioned whether the social network overpaid with its $19 billion buy. So why did Facebook do it? WhatsApp Co-Founder Brian Acton discussed how the company can help Facebook in the future at an event in Palo Alto, Calif., Wednesday night, hosted by Stanford University-spawned startup incubator StartX.
Facebook Software Engineer Josh Wiseman, who has contributed to pretty much every aspect of the site — Timeline, chat, photos, videos, and more — has left the company for an engineer-in-residence position with The Social + Capital Partnership, according to AllThingsD.
After helping Facebook become one of the most popular destinations on the Internet, three of the social network’s early employees now have a more benevolent mission in mind. Phil Fung, Julia Lam, and Franklyn Chien launched the A3 Foundation (Asian American Artists), which is focused on promoting and supporting the talents of Asian Americans in television, film, and online digital media. This week, the A3 Foundation partnered with the Sundance Institute to give their vision a new stage.
Many Facebook users are still angry with the site for implementing timeline. They’re not alone. According to TechRadar, a Chinese Pinterest-like site — Cubic Network — has sued Facebook, claiming that the company stole the idea for timeline.
Police successfully prevented the suicide of a man who’d posted a cry for help on Facebook.