Until 24 hours ago, WhatsApp founder Jan Koum and his business
partner Brian Acton were relatively unknown outside Silicon Valley tech
circles.
Now they are being discussed worldwide as California’s latest billionaires.
The internet is alive with the news that Mr Koum, 37, and Mr Acton, 42, have sold WhatsApp to Facebook for $19bn (£11.4bn).
In fact, before founding WhatsApp, both men were actually turned down for jobs at Facebook.
This
is an irony that has not been lost on internet commentators in light of
the huge amount the social networking giant is laying out for WhatsApp.
So what do we know about the men behind WhatsApp?
‘Appreciate communication’
Ukrainian
Mr Koum emigrated to the US at the age of 16 with his mother, to escape
“the political and anti-Semitic environment”, according to Forbes.
His
childhood in the Ukraine was a seminal influence on the creation of
WhatsApp, according to investor Jim Goetz. The service, with its
emphasis on messaging privacy, was influenced by “growing up in a
communist country with a secret police”, Mr Goetz said in a blog post.
“Jan’s childhood made him appreciate communication that was not bugged or taped,” Mr Goetz wrote.
When he arrived in the US, Mr Koum and his mother lived on food stamps, Mr Goetz added.
Mr
Koum has been shaped by his experiences, and appears to remain true to
his roots, reportedly signing the Facebook deal that is set to make him a
billionaire on the door of his old benefits office.
No ads
Mr Koum met Mr Acton in 1997, and the two became friends while they were both working at Yahoo.
Mr
Acton’s background was somewhat different from Mr Koum’s – his adoptive
father had attempted a career in golf, and his mother ran an
air-freight business, according to Wired UK.
By 2007, both men had
become disillusioned with their employer, and had developed an intense
antipathy to advertising, a central plank of Yahoo’s business model.
“No-one
wakes up excited to see more advertising, no-one goes to sleep thinking
about the ads they’ll see tomorrow,” Mr Koum said in a 2012 blog post.
They left Yahoo to unwind and follow other opportunities, leading to Mr Koum setting up WhatsApp in 2009.
Mr
Acton joined the company in November of that year after a failed job
hunt, which included rejections from both Twitter and Facebook.
But
the California-based software engineer took the knockback from Twitter
with good humour, tweeting: “Got denied by Twitter HQ. That’s ok. Would
have been a long commute.”
And when he also failed to get a job
with Facebook, he took it graciously, tweeting: “Facebook turned me
down. It was a great opportunity to connect with some fantastic people.
Looking forward to life’s next adventure.”
Silicon Valley maverick
Despite WhatsApp’s emphasis on social messaging, Mr Koum has been opposed to much of what makes Silicon Valley tick.
Rather
than embracing self-promotion, marketing, an advertising-funded
business model and an eye for a fast buck, Mr Koum has gone in the
opposite direction.
“Next person to call me an entrepreneur is getting punched in the face by my bodyguard. Seriously,” he tweeted in May 2012..
“People starting companies for a quick sale are a disgrace to the valley,” he said in a later tweet.
Some
might say that just five years after starting, 450 million users and 50
employees later, the deal with Facebook would constitute a “quick
sale”.
Just don’t call Mr Koum an entrepreneur.
Pages
Beauty
Friday, February 21, 2014
2Face Team Releases Statement Concerning Pregnancy Rumors
Well I think everyone is glad that they have officially denied the rumours, we all want the best for his family, they have been through a lot and deserve a break from the press, Tuface has had so many troubles with the media obviously because of his many babymamas...recently the news popped up about him impregnating a banker and its been the talk of the town for a few days, his management released an official statement denying it, see below:
A few days ago, a rumor surfaced about 2face Idibia allegedly getting a young woman pregnant and various versions of the story have emerged since then.
2face would like to categorically state that these stories are completely false and baseless.
The press has published this story in many versions without confirming the authenticity of the allegations. He would like to make it very clear: THERE IS NO TRUTH TO THIS STORY.
He would also like to request that the media houses that have already published this story issue retractions without any delay.
2face does not have anything to hide and if the story were true, he would admit it and not try to lie to the public by denying it.
When striving to maintain journalistic integrity, it is important for the press to make sure that they have irrefutable evidence before publishing potentially harmful news such as this. In this case, there has been no confirmation of the authenticity of the rumor.
We do not know what the true motives are behind the peddling of such a vicious rumor, but we would like to make sure that everyone knows the truth about it.
2Face Team Releases Statement Concerning Pregnancy Rumors
- See more at: http://todaysgist.blogspot.com/2014/02/2face-team-releases-statement.html#sthash.OuYQcqYe.dpuf
Well
I think everyone is glad that they have officially denied the rumours,
we all want the best for his family, they have been through a lot and
deserve a break from the press, Tuface has had so many troubles with the
media obviously because of his many babymamas...recently the news
popped up about him impregnating a banker and its been the talk of the
town for a few days, his management released an official statement
denying it, see below:
A few days ago, a
rumor surfaced about 2face Idibia allegedly getting a young woman
pregnant and various versions of the story have emerged since then.
2face would like to categorically state that these stories are completely false and baseless.
The press has
published this story in many versions without confirming the
authenticity of the allegations. He would like to make it very clear:
THERE IS NO TRUTH TO THIS STORY.
He would also like to request that the media houses that have already published this story issue retractions without any delay.
2face does not have
anything to hide and if the story were true, he would admit it and not
try to lie to the public by denying it.
When striving to
maintain journalistic integrity, it is important for the press to make
sure that they have irrefutable evidence before publishing potentially
harmful news such as this. In this case, there has been no confirmation
of the authenticity of the rumor.
We do not know what
the true motives are behind the peddling of such a vicious rumor, but
we would like to make sure that everyone knows the truth about it.
- See more at: http://todaysgist.blogspot.com/2014/02/2face-team-releases-statement.html#sthash.OuYQcqYe.dpuf
Well
I think everyone is glad that they have officially denied the rumours,
we all want the best for his family, they have been through a lot and
deserve a break from the press, Tuface has had so many troubles with the
media obviously because of his many babymamas...recently the news
popped up about him impregnating a banker and its been the talk of the
town for a few days, his management released an official statement
denying it, see below:
A few days ago, a
rumor surfaced about 2face Idibia allegedly getting a young woman
pregnant and various versions of the story have emerged since then.
2face would like to categorically state that these stories are completely false and baseless.
The press has
published this story in many versions without confirming the
authenticity of the allegations. He would like to make it very clear:
THERE IS NO TRUTH TO THIS STORY.
He would also like to request that the media houses that have already published this story issue retractions without any delay.
2face does not have
anything to hide and if the story were true, he would admit it and not
try to lie to the public by denying it.
When striving to
maintain journalistic integrity, it is important for the press to make
sure that they have irrefutable evidence before publishing potentially
harmful news such as this. In this case, there has been no confirmation
of the authenticity of the rumor.
We do not know what
the true motives are behind the peddling of such a vicious rumor, but
we would like to make sure that everyone knows the truth about it.
- See more at: http://todaysgist.blogspot.com/2014/02/2face-team-releases-statement.html#sthash.OuYQcqYe.dpufEFCC re-arraigns Atuche, Ojo over alleged fraud
The Economic and Financial Crimes Commission (EFCC), on Thursday,
re-arraigned former Managing Director of the defunct Bank PHB, Francis
Atuche and former Managing Director of the defunct Spring Bank, Charles
Ojo for alleged financial malpractices.
The re-arraignment of the duo was sequel to the transfer of the case from Justice Rita Ofili-Ajumogobia, to a new judge, Justice Saliu Saidu, which led to the case beginning de novo.
Both defendants are standing trial on an amended 45-count charge bordering on reckless granting of credit facilities, financial impropriety and general banking fraud.
The defendants were alleged to have granted credit facilities, manipulated shares and committed general banking fraud to the tune of over N125 billion. The offence is said to contravene the provisions of sections 7(2) (b) of the Advanced Fee Fraud Act, 2004, and sections 15(1) of the Failed Banks (Recovery of debts) and Financial Malpractices in Banks Act, 2004.
It also contravenes the provisions of sections 516 of the Criminal Code Act, Cap C38, Laws of the Federation, 2004 as well as sections 14 (1) of the Money Laundering Prohibition Act, 2004.
At the resumed hearing of the matter on Thursday, the charge was read over to the defendants, who both pleaded not guilty.
Chief Anthony Idigbe, lawyer to Atuche, urged the court to allow the defendant continue on the earlier bail granted by previous trial judges.
According to Idigbe, the first judge, Justice Akinjide Ajakaiye, had admitted the defendants to bail in the sum of N50 million each with two sureties each in like sum.
He said the bail terms were subsequently adopted by Justice Binta Murtala-Nyako on February 3, 2012 and then by Justice Ajumogobia on January 16, 2013.
He, therefore, urged the court to exercise its discretion in allowing the defendants continue on the earlier bail.
However, the prosecutor, Mr Kemi Pinheiro, did not object to the oral submission for bail.
Ruling on the oral bail application, Justice Saidu ordered the defendants to continue with the earlier bail granted by the previous judges.
The re-arraignment of the duo was sequel to the transfer of the case from Justice Rita Ofili-Ajumogobia, to a new judge, Justice Saliu Saidu, which led to the case beginning de novo.
Both defendants are standing trial on an amended 45-count charge bordering on reckless granting of credit facilities, financial impropriety and general banking fraud.
The defendants were alleged to have granted credit facilities, manipulated shares and committed general banking fraud to the tune of over N125 billion. The offence is said to contravene the provisions of sections 7(2) (b) of the Advanced Fee Fraud Act, 2004, and sections 15(1) of the Failed Banks (Recovery of debts) and Financial Malpractices in Banks Act, 2004.
It also contravenes the provisions of sections 516 of the Criminal Code Act, Cap C38, Laws of the Federation, 2004 as well as sections 14 (1) of the Money Laundering Prohibition Act, 2004.
At the resumed hearing of the matter on Thursday, the charge was read over to the defendants, who both pleaded not guilty.
Chief Anthony Idigbe, lawyer to Atuche, urged the court to allow the defendant continue on the earlier bail granted by previous trial judges.
According to Idigbe, the first judge, Justice Akinjide Ajakaiye, had admitted the defendants to bail in the sum of N50 million each with two sureties each in like sum.
He said the bail terms were subsequently adopted by Justice Binta Murtala-Nyako on February 3, 2012 and then by Justice Ajumogobia on January 16, 2013.
He, therefore, urged the court to exercise its discretion in allowing the defendants continue on the earlier bail.
However, the prosecutor, Mr Kemi Pinheiro, did not object to the oral submission for bail.
Ruling on the oral bail application, Justice Saidu ordered the defendants to continue with the earlier bail granted by the previous judges.
Thursday, February 20, 2014
SSS detains Sanusi at Lagos airport, confiscates travel documents
The State Security Service (SSS), has confiscated the travel
documents of suspended governor of the Central Bank of Nigeria (CBN),
Malam Sanusi Lamido Sanusi on his arrival today at the Murtala Mohammed
International Airport in Lagos.
The suspended CBN governor was returning to Nigeria from Niger Republic where he was attending a meeting of Central Bank Governors, after receiving news of his suspension as CBN governor.
Daily Trust learnt that on Sanusi’s arrival at the Airport, plain cloth men believed to be of the SSS tried to arrest him at the airport but were deterred by the presence of press men at the airport.
Speaking to Daily Trust on phone, Malam Nasiru El-Rufai also in Lagos with Sanusi Lamido Sanusi confirmed that the SSS tried to detain Sanusi but opted to confiscate his international travel passport.
El-Rufai who said Sanusi was presently resting at a friend’s place in Lagos, noted that the SSS did not give any specific reason for the attempted arrest and subsequent confiscation of Sanusi’s passport.
He said they cited their actions on orders from above.
However, a top official at the SSS, who asked not to be mentioned, denied the action, when contacted by Daily Trust, the SSS official simply said, “I am not presently in the office, but I can tell you that the story is not true.”
The suspended CBN governor was returning to Nigeria from Niger Republic where he was attending a meeting of Central Bank Governors, after receiving news of his suspension as CBN governor.
Daily Trust learnt that on Sanusi’s arrival at the Airport, plain cloth men believed to be of the SSS tried to arrest him at the airport but were deterred by the presence of press men at the airport.
Speaking to Daily Trust on phone, Malam Nasiru El-Rufai also in Lagos with Sanusi Lamido Sanusi confirmed that the SSS tried to detain Sanusi but opted to confiscate his international travel passport.
El-Rufai who said Sanusi was presently resting at a friend’s place in Lagos, noted that the SSS did not give any specific reason for the attempted arrest and subsequent confiscation of Sanusi’s passport.
He said they cited their actions on orders from above.
However, a top official at the SSS, who asked not to be mentioned, denied the action, when contacted by Daily Trust, the SSS official simply said, “I am not presently in the office, but I can tell you that the story is not true.”
President Goodluck Jonathan Suspends Lamido Sanusi, Appoints Acting Governor

A statement by Reuben Abati, the President's spokesman announced the development on Thursday.
Edo bans highway revenue collection
Edo State Government has banned revenue collection on the highways in the state.
In a statement signed by the Commissioner for Information and Orientation, Louis Odion, the government said this followed numerous reports of misconduct by revenue collection agencies.
'Following incessant reports of extortion and harassment of road users on roads and highways in Edo State, the Edo State Government hereby announces the prohibition of revenue collection under any guise by any person or group of persons purporting to be acting on behalf of state or local government.'
Odion added that the state government prohibited the operation of Passengers Welfare Scheme.
In a statement signed by the Commissioner for Information and Orientation, Louis Odion, the government said this followed numerous reports of misconduct by revenue collection agencies.
'Following incessant reports of extortion and harassment of road users on roads and highways in Edo State, the Edo State Government hereby announces the prohibition of revenue collection under any guise by any person or group of persons purporting to be acting on behalf of state or local government.'
Odion added that the state government prohibited the operation of Passengers Welfare Scheme.
Wednesday, February 19, 2014
Lagos Alerts Residents on Heavier Rains in 2014
The Lagos State Government Wednesday alerted its residents across all
local councils of possible heavier rainfall than the previous years
taking cognisance of the pattern of rainfall since January.
The state government, consequently, urged stakeholders across the
state, including traders, marketers, community leaders and artisans
among others to desist from dumping wastes on canals and drainage
channels.
President Goodluck Jonathan donates N50m to supporters club for 2014 world cup
He made the donation on behalf of the Federal Government after being â€Ĺ˝decorated as the Grand Patron of the Nigeria Football Club Worldwide, with a promise to convince the senior boys in the country to double the amount.
The brief decoration ceremony which was held shortly before the commencement of the Federal Executive Council meeting on Wednesday, at the Council Chambers of the Presidential Villa.
Group Calls On Federal Government To Establish Electoral Offences Tribunal
In a press statement released today, the global group popularly known as Transform Nigeria Movement, TNM, noted that the 2015 polls should be more transparent and more credible than that of 2011 as Nigeria cannot afford to have elections or general governance slide back in terms of peacefulness, fairness, transparency, or credibility.
ObJ’s Invitation, Waste Of Rivers Resources—PDP
The Party notes that volumes of financial resources, amounting to N1bn (One Billion Naira) were spent for the hosting of the former President by the Rivers state government, wondering why such action by the Governor when the State is in dire need of funds to complete all abandoned projects and sundry issues.
Declaration by the High Representative, Catherine Ashton, on behalf of the European Union on the review of EU-Zimbabwe relations
PHOTO: Burna Boy gets new neck tattoo
Burna Boy has added another tattoo to his inked-out body, we’re wondering if there’s going to be space for any more!
The new tattoo is a picture of a bird in the clouds. Burna describes the new tat as an expression of ‘freedom’
‘#Artistic representation #FREEDOM‘, he wrote as he posted the photo.
Check out another photo of Burna showing off his tattoos
The new tattoo is a picture of a bird in the clouds. Burna describes the new tat as an expression of ‘freedom’
‘#Artistic representation #FREEDOM‘, he wrote as he posted the photo.
Check out another photo of Burna showing off his tattoos
Tuesday, February 18, 2014
HP Executives Were Aware Of Autonomy's Loss-Making Hardware Sales

Palo Alto, California-based HP has said it was a victim for having paid $11.
1 billion to buy Autonomy in 2011.
It took a writedown of $8.
8 billion in November 2012, accusing Autonomy officials of accounting fraud.
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