May
02
WhatsApp CEO's early departure from Facebook could cost him $1 billion
Posted in: Uncategorized
Jan Koum’s exit from Facebook Inc. could cost him as much as $1 billion.
The CEO of messaging unit WhatsApp confirmed in a Facebook post Monday that he’s leaving the company. The announcement precedes the final three vesting dates of restricted stock awards tied to Facebook’s $22 billion purchase of WhatsApp in 2014.
“It is time for me to move on,” Koum, 42, said in the post. “I’m taking some time off to do things I enjoy outside of technology, such as collecting rare air-cooled Porsches, working on my cars and playing ultimate Frisbee.”
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