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<ul><li><keyword id="399907" type="General" weightage="20" keywordseo="meta" source="Orion">Meta</keyword>’s plans to fully encrypt Messenger and Instagram have been delayed until 2023.</li><li>The company was supposed to release the feature early next year.</li><li>End-to-end encryption for Messenger and Instagram was announced along with the merger of the two apps.</li></ul>Meta (formerly Facebook) had announced back in 2019 its plans to offer a unified messaging system with privacy in mind. The first part of the plan is in action but the second part might take more time. Facebook Messenger and Instagram as part of this plan were supposed to get end-to-end encryption by default but it won’t happen at least until 2023, according to a <a href="https://www.theguardian.com/technology/2021/nov/21/meta-delays-encrypted-messages-on-facebook-and-instagram-to-2023">report</a> by The Guardian. End-to-end encryption for Facebook Messenger and Instagram was earlier planned for “sometime in 2022 at the earliest”, according to a blog post by Meta. But the company is now delaying this feature to 2023. “We’re taking our time to get this right and we don’t plan to finish the global rollout of end-to-end encryption by default across all our messaging services until sometime in 2023,” Antigone Davis, Meta’s head of safety was quoted as saying in The Telegraph. The reason behind the delay is due to user safety concerns as Meta wants to make sure end-to-end encryption doesn’t prevent it from helping track criminal activity on its platforms. Under its new encryption plans, Meta would be able to use non-encrypted data, account information and reports from users to detect abuse on its platforms, a system already in place for WhatsApp. Since end-to-encryption means that messages are only seen by the sender and recipient, this might make it difficult to detect any sort of abuse or criminal activity on the platform. WhatsApp already has end-to-end encryption enabled by default, and Messenger video and voice calls as well. The plan is now to enable end-to-end encryption by default on Messenger and Instagram. The two platforms <a href="https://www.businessinsider.in/tech/news/facebook-is-merging-its-messenger-and-instagram-direct-message-features-allowing-users-on-instagram-to-send-chats-to-people-on-facebook-and-vice-versa/articleshow/78412073.cms">merged last year</a> with Meta giving Instagram and Messenger users the ability to send messages across platforms. As part of this unification, Zuckerberg had also announced encryption on both these platforms. However, it looks like Meta still has work to do on its encryption plans for Instagram and Messenger by making it more robust against any form of abuse users might face on the platforms. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/watch-elon-musks-and-grimess-son-x-a-xii-joins-musk-on-a-work-zoom-call/articleshow/87836118.cms" data-type="tilCustomLink">Google Play Store to get “Offers” tab for limited-time deals on apps and games</a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-a52s-5g-mobile-phone-review/articleshow/87814161.cms" data-type="tilCustomLink">Samsung Galaxy A52s 5G review — Too little for too much</a>

Meta is delaying end-to-end encryption for Facebook Messenger and Instagram until 2023 — here’s why

Good morning! This is the tech news you need to know this Friday. <a href="http://newsletter.businessinsider.com/join/4np/10-things-in-tech&amp;hash=8122c716833601fc1471f79af063b104?nr_email_referer=1&amp;utm_source=Sailthru&amp;utm_medium=email&amp;utm_content=10_things_tech&amp;utm_campaign=Post%20Blast%20sai:%2010%20things%20in%20tech%20you%20need%20to%20know%20today&amp;utm_term=10%20THINGS%20IN%20TECH%20YOU%20NEED%20TO%20KNOW%20-%20ENGAGED%2C%20ACTIVE%2C%20PASSIVE%2C%20DISENGAGED0PASSIVE%2C%20DISENGAGED">Sign up here</a> to get this email in your inbox every morning.Have an Amazon Alexa device? Listen to this update by searching "Business Insider" in your flash briefing settings.<ol><li>Apple's VR headset may cost $3,000. <a href="https://www.theinformation.com/articles/new-apple-mixed-reality-headset-details-swappable-headbands-eye-tracking?utm_source=ti_app">The Information reports that the headset</a>, currently in the works, will come with more than a dozen cameras to track your hand movements as well as eye-tracking technology. </li><li>Myanmar's military blocked Facebook. MPT, the state-owned telecom company, <a href="https://www.businessinsider.com/myanmar-military-blocks-facebook-cites-stability-after-coup-2021-2">blocked Facebook, Messenger, Instagram, and WhatsApp</a> on Thursday, NetBlocks said. </li><li>India is threatening Twitter employees with jail. Twitter blocked several accounts at the government's behest, but <a href="https://www.buzzfeednews.com/article/pranavdixit/india-threatens-twitter-jail?scrolla=5eb6d68b7fedc32c19ef33b4">unblocked them again on the grounds of free speech</a> - and now the government wants the firm to block the accounts again, BuzzFeed reports. </li><li>Premium: Google enabled smartphone cameras to take vital signs. The Google Health team has <a href="https://www.businessinsider.com/google-is-building-a-smartphone-camera-health-sensor-2021-2">developed a way to use Google's Pixel smartphone camera</a> to measure heart rate and respiratory rate, and says it can do so with clinical-grade accuracy. </li><li>Amy Klobuchar's new antitrust bill has ramifications for tech firms. The proposed US "Competition and Antitrust Law Enforcement Reform Act" <a href="https://www.businessinsider.com/amy-klobuchar-antitrust-bill-apple-amazon-google-facebook-fines-2021-2">would make sweeping changes to antitrust law</a>, granting enforcement agencies more powers to impose bigger fines and shifting the burden of proof for companies over mergers. </li><li>Google engineers quit over the recent firings of Black staff. David Baker and Vinesh Kannan have resigned, <a href="https://www.businessinsider.com/google-ai-ethics-timnit-gebru-black-employees-2021-2">citing the company's recent treatment</a> of AI ethicist Timnit Gebru and former recruiter April Christina Curley. </li><li>Would-be Amazon organizers met with the White House. The <a href="https://www.businessinsider.com/exclusive-union-leaders-backing-amazon-election-in-alabama-discuss-effort-with-white-house-2021-2">discussions with the Biden administration</a> signal support from the White House for the effort. </li><li>The founder of r/WallStreetBets sold his life story. Jaime Rogozinski sold exclusive rights to his life's story to Brett Ratner's RatPac production studio, one of the producers behind big budget movies like "Wonder Woman" and "Dunkirk," <a href="https://www.wsj.com/articles/reddits-wallstreetbets-founder-sells-life-story-to-movie-producer-ratpac-entertainment-11612440001?mod=pls_whats_news_us_business_f">according to The Wall Street Journal</a>. </li><li>Google's new union filed a labor complaint. The complaint was filed against Google subcontractor Modis Engineering, and claims it <a href="https://www.businessinsider.com/google-alphabet-worker-union-files-labor-complaint-modis-adecco-2021-2?r=US&amp;IR=TIR=T">suspended an employee</a> after she raised concerns about wages and working conditions.</li><li>Parler's CEO said he was fired for trying to tackle right-wing extremism. John Matze told NPR his termination came after he <a href="https://www.businessinsider.com/parler-ceo-john-matze-says-fired-moderation-extremism-capitol-riots-2021-2?r=US&amp;IR=TIR=T">disagreed with Parler board member</a> Rebekah Mercer.</li></ol>

10 things in tech you need to know today

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Christophe Morin/IP3/Getty ImagesMark Zuckerberg</div></div></div><ul class="summary-list"><li>Some lawmakers have spoken out about Facebook's plans to partially merge WhatsApp, Messenger, and Instagram.</li><li>The social network plans to combine the back-end systems of the three apps, so users can talk to each other across platforms.</li><li>But the move has faced early skepticism from some politicians, with concerns raised around data privacy and anti-trust issues.</li></ul>Facebook plans to partially combine its most popular messaging apps - and some lawmakers don't sound happy about it.On Friday, <a href="https://www.nytimes.com/2019/01/25/technology/facebook-instagram-whatsapp-messenger.html">The New York Times broke the news that</a> CEO Mark Zuckerberg is pushing his company to merge the back-end of Facebook Messenger, WhatsApp, and Instagram. The change would mean that users of one app would be able to message users of another, and it would tie the currently disparate Facebook-owned products far more closely together.The change comes as Facebook attempts to move on from months of bruising scandals and intense scrutiny over its handling of users' data, from Cambridge Analytica's misappropriation of more than 80 million users' info to Facebook's role spreading hate speech that fueled genocide in Myanmar.Against that backdrop, Facebook's latest messaging plans quickly raised fears that the controversy-plagued social network could become ever more powerful, and potentially dangerous. California Democratic congressman Ro Khanna was one of the first to comment, <a href="https://twitter.com/RepRoKhanna/status/1088850850766823424">suggesting on Twitter that the move raised anti-trust concerns</a> about Facebook's acquisitions of Instagram and WhatsApp in 2012 and 2014 respectively."This is why there should have been far more scrutiny during Facebook's acquisitions of Instagram and WhatsApp which now clearly seem like horizontal mergers that should have triggered antitrust scrutiny," he tweeted."Imagine how different the world would be if Facebook had to compete with Instagram and WhatsApp. That would have encouraged real competition that would have promoted privacy and benefited consumers."In an emailed statement, Democratic senator Ron Wyden, an outspoken voice on tech policy issues, told Business Insider he had concerns about privacy and data protection issues."I have a lot of questions about how Facebook intends to combine these services. If it does anything to weaken the security and encryption of WhatsApp, that would represent a major blow to the security of millions of people around the world," he wrote.<div class="KonaFilter image-container display-table"><div><div class="image on-image">Aaron P. Bernstein/ReutersSen. Ron Wyden (D-OR)</div></div></div>"If Facebook is doing this so it can harvest even more our personal information for profit, it's yet another reason to be concerned about how corporations are using our data. This is yet another reason to pass a strong privacy bill, like the one I've proposed."These comments from Capitol Hill may be more bark than bite for now. But with a growing call for tech regulation, and with several <a href="https://www.npr.org/2018/09/25/651472693/attorneys-general-zoom-in-on-tech-privacy-and-power">state attorney generals currently looking into practices</a> of social media companies, Facebook can ill afford to give lawmakers another reason to scrutinize the company.<h2>The encryption wildcard</h2>According to The New York Times' report, Facebook plans to use end-to-end encryption across all three apps once the merger has taken place. It's not clear how it will work in practice, and spokesperson Jennifer Hakes declined to provide any information beyond a short statement. "We want to build the best messaging experiences we can; and people want messaging to be fast, simple, reliable and private," the statement reads. "We're working on making more of our messaging products end-to-end encrypted and considering ways to make it easier to reach friends and family across networks. As you would expect, there is a lot of discussion and debate as we begin the long process of figuring out all the details of how this will work."The criticisms are indicative of the immense skepticism Facebook now faces from many lawmakers and members of the general public, and the uphill struggle it will face to convince people that any changes it makes going forward have its users' best interests at heart.That said, not everyone is as pessimistic about the potential consequences of the move. Alex Stamos, the outspoken former head of Facebook's security, <a href="https://twitter.com/alexstamos/status/1088901679984955393">hailed it as having the potential to be</a> "the most impactful uplift of communications privacy in human history," if Facebook does implement end-to-end encryption. "We should support the idea and demand transparency in the safety-privacy-[user experience] balancing decisions and technical details." Do you work at Facebook? Got a tip? Contact this reporter via Signal or WhatsApp at +1 (650) 636-6268 using a non-work phone, email at rprice@businessinsider.com, Telegram or WeChat at robaeprice, or Twitter DM at <a href="https://twitter.com/robaeprice">@robaeprice</a>. (PR pitches by email only, please.) You can also <a href="https://www.businessinsider.com/how-to-tip-business-insider-securely-guide-signal-securedrop-2017-6">contact Business Insider securely via SecureDrop</a>. <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/apple-iphone-sales-slowed-stock-plunge-2019-1">How Apple went from a $1 trillion company to losing over 20% of its share price</a></h3> <div> </div> </div>

Some lawmakers are already raising concerns about Facebook's plans to merge its messaging apps

<div class="KonaFilter image-container display-table"><div><div class="image on-image">AP Photo/Geert Vanden WijngaertFacebook CEO Mark Zuckerberg.</div></div></div><ul class="summary-list"><li>The Irish data protection regulator is demanding answers from Facebook over its plans to partially merge its messaging apps.</li><li>The watchdog is responsible for overseeing Facebook in the European Union.</li><li>Its request is indicative of the close regulatory scrutiny Facebook will face over its ambitious plan to combine Instagram, WhatsApp, and Facebook Messenger.</li></ul>A key European data protection watchdog is demanding answers from Facebook over its plans to partially merge Instagram, WhatsApp, and Facebook Messenger.The Irish Data Protection Commission, which is responsible for regulating Facebook across the EU, has asked Facebook for an "urgent briefing" on the proposals, <a href="https://dataprotection.ie/en/news-media/press-releases/data-protection-commission-statement-proposed-integration-facebook">it said in a statement released on Monday</a>.Last week, The New York Times reported that CEO Mark Zuckerberg wants Facebook to combine the back-ends of its three most popular messaging services. They would still exist as three separate apps, but it would mean a user on one app could message someone on one of the others - something that isn't currently possible.Facebook subsequently confirmed the news, saying in a statement that "we're working on making more of our messaging products end-to-end encrypted and considering ways to make it easier to reach friends and family across networks."The Irish Data Protection Commission's request is indicative of the intense regulatory scrutiny that is likely to accompany Facebook's plans, which will be one of the company's most ambitious restructuring of its family of apps in years.<a href="https://www.businessinsider.com/lawmakers-react-facebook-plans-merge-messaging-apps-2019-1">Some US lawmakers have also already raised questions about the plan</a>, with Democratic California congressman Ro Khanna suggesting it prompts serious anti-trust concerns, and Democratic senator Ron Wyden raising questions about user privacy and data protection.Reached for comment, Facebook spokesperson Sally Aldous referred Business Insider to the company's earlier statement on the merger: "We want to build the best messaging experiences we can; and people want messaging to be fast, simple, reliable and private. We're working on making more of our messaging products end-to-end encrypted and considering ways to make it easier to reach friends and family across networks. As you would expect, there is a lot of discussion and debate as we begin the long process of figuring out all the details of how this will work."<h2>Here's <a href="https://dataprotection.ie/en/news-media/press-releases/data-protection-commission-statement-proposed-integration-facebook">the full statement from the Irish Data Protection Commission</a>:</h2>"While we understand that Facebook's proposal to integrate the Facebook, WhatsApp and Instagram platforms is at a very early conceptual stage of development, the Irish DPC has asked Facebook Ireland for an urgent briefing on what is being proposed. The Irish DPC will be very closely scrutinizing Facebook's plans as they develop, particularly insofar as they involve the sharing and merging of personal data between different Facebook companies. Previous proposals to share data between Facebook companies have given rise to significant data protection concerns and the Irish DPC will be seeking early assurances that all such concerns will be fully taken into account by Facebook in further developing this proposal. It must be emphasised that ultimately the proposed integration can only occur in the EU if it is capable of meeting all of the requirements of the GDPR." Do you work at Facebook? Got a tip? Contact this reporter via Signal or WhatsApp at +1 (650) 636-6268 using a non-work phone, email at rprice@businessinsider.com, Telegram or WeChat at robaeprice, or Twitter DM at <a href="https://twitter.com/robaeprice">@robaeprice</a>. (PR pitches by email only, please.) You can also <a href="https://www.businessinsider.com/how-to-tip-business-insider-securely-guide-signal-securedrop-2017-6">contact Business Insider securely via SecureDrop</a>. <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/quit-texting-week-social-media-messaging-apps-2019-1">I quit texting for a week and it was harder than I expected</a></h3> <div> </div> </div>

A key EU government watchdog is demanding answers from Facebook over its plan to merge its messaging apps

<div class="KonaFilter image-container display-table"><div><div class="image on-image">APGoogle CEO Sundar Pichai.</div></div></div><ul class="summary-list"><li>Sen. Elizabeth Warren proposed breaking up the tech giants Google, Facebook, and Amazon.</li><li>The rise of the tech giants has remade the <keyword id="6354777" type="COMPANY" weightage="60" keywordseo="Media">media</keyword> and marketing landscape, driving mega-mergers like AT&amp;T's with Time Warner and Disney's with Fox.</li><li>Industry watchers said breaking up the tech giants would spread digital ad dollars around more evenly.</li></ul>Presidential candidate Elizabeth Warren <a href="https://www.businessinsider.com/elizabeth-warren-tech-regulation-roll-back-facebook-whatsapp-instagram-2019-3">proposed</a> breaking up big tech companies like Facebook and Google and regulating them like utilities."Today's big tech companies have too much power  -  too much power over our economy, our society, and our democracy," the senator<a href="https://medium.com/@teamwarren/heres-how-we-can-break-up-big-tech-9ad9e0da324c"> wrote in a Medium post</a>. "They've bulldozed competition, used our private information for profit, and tilted the playing field against everyone else. And in the process, they have hurt small businesses and stifled innovation."She would require tech giants to be classified as platform utilities, barring them from sharing data with third parties. She also would undo mergers like Facebook's of Instagram and Google's with DoubleClick."Amazon Marketplace, Google's ad exchange, and Google Search would be platform utilities under this law," she wrote. "Therefore, Amazon Marketplace and Basics, and Google's ad exchange and businesses on the exchange would be split apart. Google Search would have to be spun off as well."Read more: <a href="https://www.businessinsider.com/the-trade-desks-2019-investor-day-amazon-ott-att-2019-3">The Trade Desk's CEO shot down investors' biggest worry about competition from Amazon, and it could reveal major flaw in the e-commerce giant's plan to win over big advertisers</a> The rise of the tech giants has remade the media and marketing landscape, driving mega-mergers like AT&amp;T's with Time Warner and Disney's with Fox.The reaction from ad and media watchers was mixed, with some applauding a breakup and others warning to be careful what you wish for."A breakup of these dominant platforms would result in a more vibrant marketplace," said Terry Kawaja, founder and CEO of Luma Partners, an advisory firm focused on digital media and marketing. "More innovation, more competition, more marketer choice and more diverse consumer experiences. No comment on the probability of such a change to the antitrust laws that would be required to manifest such a break up (nor the political will required), but the effect should be positive. We've seen it with the breakup of Ma Bell (AT&amp;T) in the 1980s."Jason Kint is CEO of Digital Content Next, a trade association for digital publishers, and an outspoken critic of Google and Facebook. He said breaking up Google and DoubleClick would cause ad dollars to be spread more evenly throughout the ad ecosystem. In the case of Facebook, he argued that if it didn't own Instagram, it would have dealt with fake news faster and been more transparent about its business practices."They'd actually have a competitor," he said.Breaking up the tech giants is one way to address their conflicts of interest, said an antitrust lawyer familiar with the ad industry."Obviously there would be disruption, but in long run, advertisers would be better off if they had tools and services devoted to giving them a higher return on investment, publishers had tools devoted to giving them better yield and an exchange that let them meet in the middle without conflicts of interest," the lawyer said.Others were more cautious about the prospect of breaking up the tech giants, even if they think they've gotten too big."Think twice before you break up utilities that are free to the end user and provide services that could not have been imagined 20 years ago," said Rob Norman, retired global chief digital officer at GroupM. "Alternatively, you could think about taxation for super-profit takers and re-distribution of narrow corporate wealth specifically to counter the social costs of their businesses."<h2>A breakup isn't necessarily what the news business needs the most</h2>David Chavern, president and CEO of the News Media Alliance, a trade association representing news outlets including The Wall Street Journal and The New York Times, was critical of Google's growth in the digital ad market and Facebook's expansion of its social network by acquisitions.But breaking apart the companies would be difficult, he said, noting <a href="https://www.nytimes.com/2019/01/25/technology/facebook-instagram-whatsapp-messenger.html">Facebook's new plan</a> to integrate the infrastructure behind its messenger services. Plus, it wouldn't necessarily help the publishing business, he added.Chavern proposed instead stronger regulation to boost people's rights to their personal data and put more limits on platforms' ability to use that data. He also has long argued for the ability for the news business to collectively negotiate with the platforms to get a better deal for their data, brands, and distribution."The news business has its own issues that aren't addressed by Warren," he said.Get the latest Google stock price<a href="http://markets.businessinsider.com/stock/GOOG-Quote"> here.</a> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/mcdonalds-filet-o-fish-season-scales-skyrocket-march-lent-catholic-christian-2017-3">Here's why McDonald's Filet-O-Fish sales skyrocket in March</a></h3> <div> </div> </div>

Elizabeth Warren's proposal to break up the tech giants could give marketers more choice, but some ad industry insiders worry about the impact

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Stephen Lam/ReutersChris Cox left Facebook this week.</div></div></div><ul class="summary-list"><li>Keeping an eye on major hires and promotions is one of the best ways to understand a company's strategy. </li><li><a href="https://theorg.com/">The Org</a> tracks executive changes at companies big and small. </li><li>Here's a snapshot of the most important executive moves of the week across media, tech and finance. </li></ul>Every week we bring you an overview of the most important executive changes from the past week. Yesterday, Facebook announced another leadership reshuffle as the company's Chief Product Officer, Chris Cox, is stepping down. Read more about this and other notable executive changes:Facebook's Chief Product Officer is leaving the companyChris Cox, <a href="https://theorg.com/org/facebook">Facebook</a>'s Chief Product Officer and key lieutenant of <a href="https://theorg.com/org/facebook/position/427">Mark Zuckerberg</a>, is <a href="https://www.businessinsider.com/facebook-chief-product-officer-chris-cox-leaves-daniels-2019-3">leaving the company amid a leadership reshuffle</a>. The change comes following an announcement last week that the social media giant is shifting to a privacy-focused vision for social networking. The role of chief product officer will not be filled by anyone. Instead, the heads of Facebook, WhatsApp, Messenger, and Instagram will now report directly to Zuckerberg, which brings product decision power even closer to the CEO.Tesla promotes names new finance heads amid executive turnover <a href="https://theorg.com/org/tesla/position/vaibhav-taneja">Vaibhav Taneja</a> and <a href="https://theorg.com/org/tesla/position/zach-kirkhorn">Zachary Kirkhorn</a> have been appointed Chief Accounting Officer and Chief Financial Officer respectively according to a securities <a href="http://ir.tesla.com/sec-filings/sec-filing/8-k/0001564590-19-007669">filing</a> by <a href="https://theorg.com/org/tesla">Tesla</a>. Kirkhorn's new role was mentioned during the company's earnings call in January when Elon Musk announced that <a href="https://www.businessinsider.com/teslas-cfo-is-retiring-2019-1">Deepak Ahuja would be retiring as CFO.</a> Taneja will report to Kirkhorn in their new roles. The moves come as Tesla looks to rebuild its finance team <a href="https://www.businessinsider.com/tesla-executive-departures-list-2018-9">after a wave of executive departures.</a> Sam Altman is stepping down as president of Y Combinator<a href="https://theorg.com/org/y-combinator">Y Combinator</a> announced that Sam Altman would be stepping down as president of the Silicon Valley based prominent start-up accelerator. Altman will transition to a role as Chairman and shift his operational responsibilities to other YC Partners. According to a <a href="https://blog.ycombinator.com/updates-from-yc/">blog post</a>, Altman intends to spend more time on <a href="https://theorg.com/org/openai">OpenAI</a>, a non-profit artificial intelligence research organization, that he co-founded with Elon Musk in 2015. YC remains one of the most influential tech incubators in Silicon Valley, having graduated companies like <a href="https://theorg.com/org/airbnb">Airbnb</a>, <a href="https://theorg.com/org/dropbox">Dropbox</a>, <a href="https://theorg.com/org/twitch">Twitch</a>, and <a href="https://theorg.com/org/stripe">Stripe</a> from its program.John Standley to step down as CEO of Rite Aid<a href="https://theorg.com/org/rite-aid">Rite Aid</a> announced that <a href="https://www.businessinsider.com/rite-aid-shakes-up-top-management-to-cut-about-400-jobs-in-restructuring-2019-3">CEO John Standley would step down</a> and it would cut 400 corporate jobs. In the last couple years, Rite Aid saw a merger with grocery chain Albertsons fall through and the drugstore recently sold almost 2,000 stores to its long-time rival <a href="https://theorg.com/org/walgreens-boots-alliance">Walgreens</a>. As part of the leadership transition, John Standley will step down as chief executive officer. Standley will remain CEO until the appointment of his successor.Walmart executive joins Coupang as General CounselKorean commerce company<a href="https://theorg.com/org/coupang"> Coupang</a> has announced that <a href="https://theorg.com/org/coupang/position/jay-jorgensen">Jay Jorgensen</a> will join the company as General Counsel and Chief Compliance Officer. Jorgensen most recently served as the Global Chief Ethics &amp; Compliance Officer of <a href="https://theorg.com/org/walmart">Walmart</a> where he created the company's first global program to manage regulatory compliance for the entire business. Coupang is largely considered the <a href="https://theorg.com/org/amazon">Amazon </a>of South Korea. Christian Wylonis <a href="https://theorg.com/">is the co-founder and CEO of The Org</a>, a professional community where you can explore any organizational chart in the world. <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/game-of-thrones-season-8-trailer-jon-snow-night-king-winterfell-battle-teaser-2019-3">All the details you missed in the 'Game Of Thrones' season 8 trailer</a></h3> <div> </div> </div>

Here are the top power moves of the week: Facebook, Tesla and Y Combinator

REUTERS/Jim Urquhart CEO of AOL Tim Armstrong attends the Allen &amp; Co Media Conference in Sun Valley, Idaho July 12, 2012. Tim Armstrong is the CEO of AOL, and he will be the CEO of the combined AOL-Yahoo company under Verizon once that merger is completed.Before joining AOL, Armstrong was an executive at Google who helped build its advertising business from $700,000 a year to billions every quarter. He was also an expert advertising salesman and entrepreneur, and the first person to sell a $1 million digital-advertising deal, back when all the money was flowing to print and TV companies.To read more about Armstrong's journey from local newspaper entrepreneur to digital sales giant, <a href="http://www.businessinsider.com/tim-armstrongs-career-aol-google-ceo-2017-5">click here.</a>In other news:<a href="http://www.businessinsider.com/the-web-entrepreneur-who-ran-brobible-wants-millennials-to-get-rich-2017-5">The cofounder of the company that helped bring the world BroBible wants to help millennials get rich. </a> The new web video publication Stackin is focused on personal finance.<a href="http://www.businessinsider.com/how-giphy-plans-to-build-a-real-business-by-animating-the-internet-with-gifs-2017-5">Here's how Giphy plans to build a real business by animating the internet. </a>The four-year-old GIF search engine has raised $150 million in funding to date at a $600 million valuation.<a href="http://www.businessinsider.com/all-the-times-facebook-copied-snapchat-2017-5">Here are all the times Facebook has copied Snapchat so far. </a>Over the past year, Instagram, Messenger, Facebook and WhatsApp have all borrowed features from Snapchat.<a href="http://www.businessinsider.com/android-creator-andy-rubin-unveils-new-essential-phone-ph-1-2017-5">The creator of Android has finally unveiled the new smartphone he has been working on.</a> On Tuesday, Andy Rubin unveiled the first smartphone from Essential, his new company, after months of teasing.<a href="https://www.wsj.com/articles/bill-simmons-signs-deal-to-move-sports-site-to-vox-media-1496138402">Bill Simmons is moving The Ringer.com from Medium to Vox Media, reports the Wall Street Journal. </a>Vox will handle ad sales and provide publishing tech while Simmons will retain ownership of the web content venture. <h3>NOW WATCH: <a href="http://www.businessinsider.com/reporter-calls-out-claim-that-fbi-was-happy-comeys-firing-sarah-huckabee-sanders-white-house-press-briefing-2017-5">'Really?': A reporter calls out Huckabee's claim that 'countless' FBI employees were happy with Comey's firing</a></h3> Please enable Javascript to watch this video

What you need to know in advertising today

<div class="KonaFilter image-container display-table float_right"><div><div class="image">TechCrunch DisruptFacebook CEO Mark Zuckerberg</div></div></div>Facebook announced today it will buy messaging app WhatsApp for $19 billion in cash and stock.
Here's Facebook's announcement explaining why it made the deal:
Facebook today announced that it has reached a definitive agreement to acquire WhatsApp, a rapidly growing cross-platform mobile messaging company, for a total of approximately $16 billion, including $4 billion in cash and approximately $12 billion worth of Facebook shares. The agreement also provides for an additional $3 billion in restricted stock units to be granted to WhatsApp's founders and employees that will vest over four years subsequent to closing. WhatsApp has built a leading and rapidly growing real-time mobile messaging service, with:
<ul style="padding-left: 30px;">
<li style="padding-left: 30px;">Over 450 million people using the service each month;</li>
<li style="padding-left: 30px;">70% of those people active on a given day;</li>
<li style="padding-left: 30px;">Messaging volume approaching the entire global telecom SMS volume; and</li>
<li style="padding-left: 30px;">Continued strong growth, currently adding more than 1 million new registered users per day.</li>
</ul>
The acquisition supports Facebook and WhatsApp's shared mission to bring more connectivity and utility to the world by delivering core internet services efficiently and affordably. The combination will help accelerate growth and user engagement across both companies. "WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable," said Mark Zuckerberg, Facebook founder and CEO. "I've known Jan for a long time and I'm excited to partner with him and his team to make the world more open and connected." Jan Koum, WhatsApp co-founder and CEO, said, "WhatsApp's extremely high user engagement and rapid growth are driven by the simple, powerful and instantaneous messaging capabilities we provide. We're excited and honored to partner with Mark and Facebook as we continue to bring our product to more people around the world." Facebook fosters an environment where independent-minded entrepreneurs can build companies, set their own direction and focus on growth while also benefiting from Facebook's expertise, resources and scale. This approach is working well with Instagram, and WhatsApp will operate in this manner. WhatsApp's brand will be maintained; its headquarters will remain in Mountain View, CA; Jan Koum will join Facebook's Board of Directors; and WhatsApp's core messaging product and Facebook's existing Messenger app will continue to operate as standalone applications. Upon closing of the deal, all outstanding shares of WhatsApp capital stock and options to purchase WhatsApp capital stock will be cancelled in exchange for $4 billion in cash and 183,865,778 shares of Facebook Class A common stock (worth $12 billion based on the average closing price of the six trading days preceding February 18, 2014 of $65.2650 per share). In addition, upon closing, Facebook will grant 45,966,444 restricted stock units to WhatsApp employees (worth $3 billion based on the average closing price of the six trading days preceding February 18, 2014 of $65.2650 per share). As of February 17, 2014, Facebook had 2,551,654,996 Class A and B shares outstanding plus approximately 139 million dilutive securities primarily consisting of unvested RSUs. The Class A common stock and RSUs issued to WhatsApp shareholders and employees upon closing will represent 7.9% of Facebook shares based on current shares and RSUs outstanding. In the event of termination of the Merger Agreement under certain circumstances principally related to a failure to obtain required regulatory approvals, the Merger Agreement provides for Facebook to pay WhatsApp a fee of $1 billion in cash and to issue to WhatsApp a number of shares of Facebook's Class A common stock equal to $1 billion based on the average closing price of the ten trading days preceding such termination date. Facebook was advised by Allen &amp; Company LLC and Weil, Gotshal &amp; Manges LLP; and WhatsApp was advised by Morgan Stanley and Fenwick &amp; West, LLP. Webcast and Conference Call Information Facebook will host a 30-minute conference call to discuss the acquisition at 3:00 pm PT / 6:00pm ET today. The dial-in number for the call is (866) 751-3284 (toll free) and (973) 935-8772 (international), conference ID: 2907041. The live webcast of the call can be accessed at the Facebook Investor Relations website at <a href="http://investor.fb.com/">investor.fb.com</a>. Facebook uses the website <a href="http://investor.fb.com/">http://investor.fb.com</a> as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Following the call, a replay will be available at the same website. A telephonic replay will be available for one week following the conference call at (855) 859-2056 or (404) 537-3406, conference ID 2907041. About Facebook Facebook's mission is to give people the power to share and make the world more open and connected. People use Facebook to stay connected with friends and family, to discover what's going on in the world, and to share and express what matters to them. About WhatsApp WhatsApp is a personal real-time messaging network allowing millions of people around the world to stay connected with their friends and family.

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