Is Whatsapp sold to Facebook New Updated 2019
So our asked Equilar, a firm that focuses on examining exec settlement as well as business data, to assist us analyze all the Securities and Exchange Commission filings related to Koum's sales for 2016.
Is Whatsapp Sold To Facebook
It ends up he's offered more than 22 million shares worth roughly $2.8 billion considering that January.
Facebook consented to buy WhatsApp in February 2014 for over $19 billion in stock, and also the price had actually increased to $22 billion by October, when the deal shut, thanks to Facebook's increasing stock rate. Koum had concerning 45% of the firm when he sold it, Forbes approximates, which means his take on paper had to do with $10 billion. He likewise got a seat on Facebook's board.
At the end of 2015, according to Facebook's annual proxy declaring, Koum had over 60 million shares of ordinary shares. He likewise had one more 19 million restricted stock devices, which vest with time and function as a motivation for him to stay until November 2018.
Based upon that vesting timetable, it appears like he's gained about 3 countless those RSUs so far this year.
So in general, he's offered about one-third of his present risk in Facebook this year.
Koum's stock sales come as WhatsApp continues to grow rapidly and also as the business is making changes to the service that might open up brand-new moneymaking chances, but also runs the risk of estranging some customers.
On Thursday, Facebook revealed that WhatsApp was transforming its privacy policy for the very first time since the acquisition to permit Facebook to see the phone number that a user shares when they enroll in WhatsApp. Facebook can utilize this details to permit businesses to speak to users directly through WhatsApp, as they can already do through Carrier, and will allow Facebook to show even more pertinent advertisements to logged-in customers. Nevertheless, WhatsApp said it would not share these telephone number directly with customers.
WhatsApp passed more than than 1 billion regular monthly individuals in February and also is the most popular chat app in more than half of the globe, according to current stats from SimilarWeb.
Facebook had no discuss the sales, as it does not talk about individuals' investment choices.