WhatsApp episode artwork

EPISODE · Jan 29, 2020 · 1H 52M

WhatsApp

from Acquired · host Ben Gilbert and David Rosenthal

We kick off Season 6 with a long-awaited Acquired Classic: Facebook’s $22B purchase of WhatsApp in 2014, which still ranks as the largest acquisition of a private VC-backed startup in history. Yet despite that enormous pricetag and all its associated fanfare, as we sit here 5+ years later WhatsApp actually generates LESS revenue than the meager ~$20m it was bringing in at the time of acquisition. Was this this worst acquisition of all-time, or a brilliant strategic chess move by Mark Zuckerberg & co? Tune in as we render Acquired’s judgement!Note: Unfortunately David’s audio quality in this episode was impacted by a technical glitch which we didn’t discover until after recording. Our editors worked super hard to fix in post-production, but it’s still not totally perfect. We hope you’ll give it a listen regardless, and we’re working on getting a transcript made ASAP, which we’ll post to the website when it’s ready. Thanks for bearing with us,-Ben & David Sponsors:Anthropic: https://bit.ly/acquiredclaude25Sentry: https://bit.ly/acquiredsentryThe Acquired Meetup (in SF!): https://bit.ly/sentryacquiredmeetupWorkOS: https://acquired.fm/unpluggedPlaying Cards: https://bit.ly/workOSshop (Code: ACQDECK)Statsig: https://bit.ly/acquiredstatsig26More Acquired!Get email updates with hints on next episode and follow-ups from recent episodesJoin the SlackSubscribe to ACQ2Merch Store!© Copyright 2015-2026 ACQ, LLCCarve Outs:Ben: Computer glasses: https://www.amazon.com/s?k=computer+glassesDavid: Reebok Floatrides:  https://www.amazon.com/Reebok-Forever-Floatride-Energy-Black/dp/B07NYBRQ96/Sources:https://en.wikipedia.org/wiki/WhatsApp https://www.forbes.com/sites/parmyolson/2014/02/19/exclusive-inside-story-how-jan-koum-built-whatsapp-into-facebooks-new-19-billion-baby/#64c1c94b2fa1 https://www.forbes.com/sites/parmyolson/2014/03/04/inside-the-facebook-whatsapp-megadeal-the-courtship-the-secret-meetings-the-19-billion-poker-game/#63d8b5c4350f https://www.wired.com/2015/09/whatsapp-serves-900-million-users-50-engineers/https://youtu.be/v6PbymjXstohttps://youtu.be/X4YsJt4rIOIhttps://overcast.fm/+WorS9-a74https://youtu.be/-2CAWS7M_0whttps://youtu.be/X4YsJt4rIOI https://www.wired.co.uk/article/whats-app-owner-founder-jan-koum-facebook  https://www.buzzfeednews.com/article/ryanmac/whatsapp-brian-acton-delete-facebook-stanford-lecture  https://www.forbes.com/sites/parmyolson/2018/09/26/exclusive-whatsapp-cofounder-brian-acton-gives-the-inside-story-on-deletefacebook-and-why-he-left-850-million-behind/#7475a0213f20  https://www.bloomberg.com/news/features/2017-06-28/tencent-rules-china-the-problem-is-the-rest-of-the-world  https://techcrunch.com/2013/07/16/whatsapp-free/http://allthingsd.com/tag/jan-koum/ http://allthingsd.com/20130510/whatsapp-ceo-jan-koum-hates-advertising-and-the-tech-rumor-mill-full-dive-video/  https://techcrunch.com/2018/01/31/whatsapp-hits-1-5-billion-monthly-users-19b-not-so-bad/ https://blog.whatsapp.com/10000633/Building-for-People-and-Now-Businesseshttps://techcrunch.com/2017/09/05/whatsapp-business-app/ https://techcrunch.com/2014/02/21/whatsapp/ https://www.washingtonpost.com/business/economy/whatsapp-founder-plans-to-leave-after-broad-clashes-with-parent-facebook/2018/04/30/49448dd2-4ca9-11e8-84a0-458a1aa9ac0a_story.html https://www.wsj.com/articles/whatsapp-backs-off-controversial-plan-to-sell-ads-11579207682 https://www.wsj.com/articles/behind-the-messy-expensive-split-between-facebook-and-whatsapps-founders-1528208641?mod=article_inline  https://blogs.wsj.com/digits/2014/06/05/whatsapp-co-founder-stresses-independence-from-facebook/?mod=article_inline https://bgr.com/2020/01/17/whatsapp-ads-2020-facebook-canceled-plans-to-bring-ads-to-status-bar/ https://www.vox.com/2018/5/8/17329524/whatsapp-new-ceo-facebook-cofounder-jan-koum-departshttps://www.linkedin.com/in/chdaniels/https://www.linkedin.com/in/jkoum/

We kick off Season 6 with a long-awaited Acquired Classic: Facebook’s $22B purchase of WhatsApp in 2014, which still ranks as the largest acquisition of a private VC-backed startup in history. Yet despite that enormous pricetag and all its associated fanfare, as we sit here 5+ years later WhatsApp actually generates LESS revenue than the meager ~$20m it was bringing in at the time of acquisition. Was this this worst acquisition of all-time, or a brilliant strategic chess move by Mark Zuckerberg & co? Tune in as we render Acquired’s judgement!Note: Unfortunately David’s audio quality in this episode was impacted by a technical glitch which we didn’t discover until after recording. Our editors worked super hard to fix in post-production, but it’s still not totally perfect. We hope you’ll give it a listen regardless, and we’re working on getting a transcript made ASAP, which we’ll post to the website when it’s ready. Thanks for bearing with us,-Ben & David Sponsors:Anthropic: https://bit.ly/acquiredclaude25Sentry: https://bit.ly/acquiredsentryThe Acquired Meetup (in SF!): https://bit.ly/sentryacquiredmeetupWorkOS: https://acquired.fm/unpluggedPlaying Cards: https://bit.ly/workOSshop (Code: ACQDECK)Statsig: https://bit.ly/acquiredstatsig26More Acquired!Get email updates with hints on next episode and follow-ups from recent episodesJoin the SlackSubscribe to ACQ2Merch Store!© Copyright 2015-2026 ACQ, LLCCarve Outs:Ben: Computer glasses: https://www.amazon.com/s?k=computer+glassesDavid: Reebok Floatrides:  https://www.amazon.com/Reebok-Forever-Floatride-Energy-Black/dp/B07NYBRQ96/Sources:https://en.wikipedia.org/wiki/WhatsApp https://www.forbes.com/sites/parmyolson/2014/02/19/exclusive-inside-story-how-jan-koum-built-whatsapp-into-facebooks-new-19-billion-baby/#64c1c94b2fa1 https://www.forbes.com/sites/parmyolson/2014/03/04/inside-the-facebook-whatsapp-megadeal-the-courtship-the-secret-meetings-the-19-billion-poker-game/#63d8b5c4350f https://www.wired.com/2015/09/whatsapp-serves-900-million-users-50-engineers/https://youtu.be/v6PbymjXstohttps://youtu.be/X4YsJt4rIOIhttps://overcast.fm/+WorS9-a74https://youtu.be/-2CAWS7M_0whttps://youtu.be/X4YsJt4rIOI https://www.wired.co.uk/article/whats-app-owner-founder-jan-koum-facebook  https://www.buzzfeednews.com/article/ryanmac/whatsapp-brian-acton-delete-facebook-stanford-lecture  https://www.forbes.com/sites/parmyolson/2018/09/26/exclusive-whatsapp-cofounder-brian-acton-gives-the-inside-story-on-deletefacebook-and-why-he-left-850-million-behind/#7475a0213f20  https://www.bloomberg.com/news/features/2017-06-28/tencent-rules-china-the-problem-is-the-rest-of-the-world  https://techcrunch.com/2013/07/16/whatsapp-free/http://allthingsd.com/tag/jan-koum/ http://allthingsd.com/20130510/whatsapp-ceo-jan-koum-hates-advertising-and-the-tech-rumor-mill-full-dive-video/  https://techcrunch.com/2018/01/31/whatsapp-hits-1-5-billion-monthly-users-19b-not-so-bad/ https://blog.whatsapp.com/10000633/Building-for-People-and-Now-Businesseshttps://techcrunch.com/2017/09/05/whatsapp-business-app/ https://techcrunch.com/2014/02/21/whatsapp/ https://www.washingtonpost.com/business/economy/whatsapp-founder-plans-to-leave-after-broad-clashes-with-parent-facebook/2018/04/30/49448dd2-4ca9-11e8-84a0-458a1aa9ac0a_story.html https://www.wsj.com/articles/whatsapp-backs-off-controversial-plan-to-sell-ads-11579207682 https://www.wsj.com/articles/behind-the-messy-expensive-split-between-facebook-and-whatsapps-founders-1528208641?mod=article_inline  https://blogs.wsj.com/digits/2014/06/05/whatsapp-co-founder-stresses-independence-from-facebook/?mod=article_inline https://bgr.com/2020/01/17/whatsapp-ads-2020-facebook-canceled-plans-to-bring-ads-to-status-bar/ https://www.vox.com/2018/5/8/17329524/whatsapp-new-ceo-facebook-cofounder-jan-koum-departshttps://www.linkedin.com/in/chdaniels/https://www.linkedin.com/in/jkoum/

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Chapter 23

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Chapter 24

Jun 22, 2026 ·24m

Chapter 25

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Chapter 26

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Chapter 27

Jun 22, 2026 ·5m

Chapter 03

Jun 22, 2026 ·23m

The Acquired Taste Podcast Whitney Diggs and Jadea Jackson Amazing things arise when two friends can come together to create a safe space to have deep conversations, laugh, and enjoy each other’s company through their unique storytelling. Join Whitney and Jadea in their new and exciting podcast, Acquired Taste, as they cover a wide range of topics including pop culture, personal experiences, and thought-provoking discussions. With their unique perspectives and hilarious banter, you will not want to miss out on the chance to connect through the power of audio. Join us every fourth Sunday for your monthly dose of an Acquired Taste! Arabic Primer by Sir Arthur Cotton Loyal Books “Languages”, Sir Arthur Cotton writes, “are usually learnt as if it took a long time to learn the grammar &c., but that to speak with a good pronunciation and expression, and freely, and to catch the words from a speaker by the ear were easily and quickly acquired, but this is exactly contrary to fact.” Cotton’s “Vocal system” differs from the traditional grammatical method of learning languages in that it emphasises the development of correct pronunciation and the gradual acquisition of correct expressions and vocabulary. This is achieved through listening and repeating words and phrases uttered by a teacher. In the case of this audiobook, the teacher is the reader himself. The Arabic Primer contains only the simplest and most basic Arabic words. It allows the student to gain a foundational knowledge of the sounds and expressions of the Arabic language. Having mastered this work, the student can continue to develop his or her knowledge of Arabic through more advanced textbooks. Golf 360 Golf360 Golf 360 came about from a theory I wrote a decade ago called The Golf Paradigm. It is something I came up with after spending over 30 years in golf and meeting a lot of exceptional people. Some of them were within the industry while others were outside of it but they all had phenomenal information that helped me improve. Whether it was a world-renowned coach, genius club fitter or engineer, ground breaking health professional or therapist, fantastic mental coach or psychologist or someone that understood how to utilize all of these to the benefit of the whole, they are some amazing people. There were also many others, all highly accomplished and from various fields; the business world, other professional athletes, and many more that were kind enough to pass along the knowledge they had acquired over a lifetime of work. Not only did their input help me as a touring professional, it also helped me in life and with my current teaching position with the The Golf Paradigm Academy. I wanted The How of Business - How to start, run, grow and exit a small business. Henry Lopez The How of Business - how to start, run and grow a small business - is a weekly show for aspiring Entrepreneurs and existing Small Business Owners. If you are looking for actionable advice, tips and techniques on how to start (including launching or buying your first small business), run and grow your small business, this is the podcast for you! In each episode we either discuss a business topic, or interview an existing small business owner or business service provider. The How of Business is hosted by Henry Lopez who shares the knowledge and experience he has acquired over his corporate and entrepreneurial careers.

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We kick off Season 6 with a long-awaited Acquired Classic: Facebook’s $22B purchase of WhatsApp in 2014, which still ranks as the largest acquisition of a private VC-backed startup in history. Yet despite that enormous pricetag and all its...

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