Pay to Fail: According ABC News, activist investor Bill Ackman agreed to pay a former Herbalife Ltd. (NYSE: HLF) executive up to $3.6 million over 10 years to become a whistleblower, in the event that the executive lost his job. The former executive left Herbalife in 2011, and signed a confidentially agreement with Ackman last June. Since 2012, Ackman has accused the company of being a Ponzi scheme, while taking a short position against it. Ackman’s firm Pershing Square Capital Management has paid this former executive $80,000 so far, according to the former employee’s lawyer.
500 Million and Growing: The acquisition of the year is doing wonders for Facebook Inc. (NYSE: FB). Yesterday, WhatsApp announced it surpassed 500 million users around the world. According to company statistics, users now exchange 20 billion messages and 700 million photos every day. The company’s growth has come mainly from emerging economies like Brazil, India, Mexico, and Russia. In February, Facebook CEO Mark Zuckerberg surprisingly purchased the mobile app company for $19 billion.