Whatsapp Facebook Deal New Updated 2019
So our asked Equilar, a company that concentrates on assessing exec payment as well as company information, to aid us take a look at all the Securities and Exchange Compensation filings pertaining to Koum's sales for 2016.
Whatsapp Facebook Deal
It ends up he's marketed greater than 22 million shares worth roughly $2.8 billion given that January.
Facebook agreed to purchase WhatsApp in February 2014 for over $19 billion in supply, as well as the rate had actually increased to $22 billion by October, when the offer closed, thanks to Facebook's increasing supply rate. Koum had about 45% of the business when he offered it, Forbes approximates, which suggests his take on paper was about $10 billion. He also got a seat on Facebook's board.
At the end of 2015, according to Facebook's yearly proxy declaring, Koum possessed over 60 million shares of common stock. He also had one more 19 million restricted stock devices, which vest in time and serve as a reward for him to remain until November 2018.
Based on that vesting routine, it resembles he's gained concerning 3 numerous those RSUs until now this year.
So on the whole, he's sold about one-third of his current risk in Facebook this year.
Koum's stock sales come as WhatsApp remains to grow rapidly and as the firm is making changes to the service that might open brand-new moneymaking chances, yet likewise risks alienating some customers.
On Thursday, Facebook revealed that WhatsApp was altering its privacy policy for the very first time because the purchase to allow Facebook to see the phone number that an individual shares when they register for WhatsApp. Facebook can utilize this information to enable services to call individuals straight via WhatsApp, as they can already do with Messenger, as well as will certainly allow Facebook to show more relevant ads to logged-in customers. Nevertheless, WhatsApp claimed it would not share these phone numbers straight with individuals.
WhatsApp passed greater than than 1 billion regular monthly users in February as well as is one of the most popular conversation app in over half of the globe, according to recent stats from SimilarWeb.
Facebook had no comment on the sales, as it doesn't comment on peoples' financial investment choices.