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Facebook’s $19 Billion Hiring Mistake – And How To Avoid It

In 2008, Jan Koum and Brian Acton applied to work for Facebook. Neither was hired. So instead, the two created an instant-messaging company, WhatsApp Inc. In 2014, the duo agreed to sell the company to Facebook for $19 billion. Imagine if Facebook would have hired both men in 2008 and gave them freedom to create. They could have developed that same software for Facebook and, even if they would have been paid salaries of $5 million a year each, it still would have saved the company a cool $18,940,000,000 or so. Now we don’t know the specifics of the hiring …Read more »

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