What Happened: Acton told TechCrunch in an interview that the user base of Signal has “exploded” in recent weeks and that people are having conversations centered around online privacy and digital safety.
“It was a slow burn for three years and then a huge explosion. Now the rocket is going,” said Action on the surge in Signal usage.
The executive did not reveal details of the uptick but said Signal now ranks on top of Apple Inc’s (NASDAQ: AAPL) App Store in 40 countries and Alphabet Inc’s (NASDAQ: GOOGL) (NASDAQ: GOOG) Google Play Store in 18 countries.
Why It Matters: Signal is run by a non-profit and is heavily privacy-centric, the app depends on grants and private investors for operations.
Acton was one of the co-founders of WhatsApp and left the company after it was taken over by Facebook in 2014.
Price Action: Facebook shares closed nearly 2.2% lower at $251.09 on Tuesday.
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