FTC v. Meta: the antitrust battle over Instagram and WhatsApp
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WhatsApp co-founder left behind $800 million in Meta’s restricted stock units.
Those would have been worth $4 billion today, FTC attorney Noel Miller says. “Please don’t say that,” Acton responds, laughing. “After taxes, it’s two.” Acton departed in 2017 before his stocks vested, shortly after a disagreement with then-Facebook COO Sheryl Sandberg, who wanted to put advertising on WhatsApp.
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