A shake-up on Facebook: a high-ranking official to the most hated competitor

by time news

As mentioned, Mohan is moving to Snap – apparently the company most hated by Meta CEO Mark Zuckerberg. In 2013, sources reported that Zuckerberg held negotiations with Snap’s founder, Evan Spiegel, and offered him to purchase the company. The price offers, according to the reports, started at one billion dollars, rose to 2 and finally to 3 billion – but Spiegel refused. In response, Zuckerberg went on a crusade against the app, ordering his employees to add the app’s central feature – short vertical videos that delete themselves 24 hours after sending – to all of the company’s apps. As a result of the launch of “Stories” on Facebook, Instagram and Messenger, the number of Snapchat users dropped sharply, and many thought that it would collapse in a short time – but it survived, was issued on the stock exchange, and in the last two years it has returned to being one of the fastest growing social networks.

You may also like

Leave a Comment