Facebook Whatsapp Acquisition New Updated 2019
So our asked Equilar, a company that focuses on examining executive settlement and business data, to aid us examine all the Securities and Exchange Compensation filings pertaining to Koum's sales for 2016.
Facebook Whatsapp Acquisition
It turns out he's offered greater than 22 million shares worth about $2.8 billion considering that January.
Facebook accepted get WhatsApp in February 2014 for over $19 billion in supply, and also the rate had actually increased to $22 billion by October, when the bargain closed, thanks to Facebook's increasing supply cost. Koum owned regarding 45% of the firm when he offered it, Forbes approximates, which indicates his take on paper had to do with $10 billion. He likewise obtained a seat on Facebook's board.
At the end of 2015, according to Facebook's annual proxy filing, Koum owned over 60 million shares of ordinary shares. He additionally had an additional 19 million limited supply systems, which vest with time and serve as an incentive for him to stay till November 2018.
Based upon that vesting routine, it appears like he's gained about 3 million of those RSUs up until now this year.
So overall, he's sold concerning one-third of his existing stake 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 could open up new moneymaking possibilities, but additionally takes the chance of alienating some individuals.
On Thursday, Facebook introduced that WhatsApp was altering its privacy policy for the first time since the purchase to permit Facebook to see the telephone number that an individual shares when they sign up for WhatsApp. Facebook can use this information to enable companies to contact individuals directly via WhatsApp, as they can already do through Messenger, and will certainly permit Facebook to reveal more pertinent ads to logged-in individuals. However, WhatsApp stated it would not share these telephone number directly with individuals.
WhatsApp passed greater than than 1 billion monthly customers in February as well as is the most preferred chat app in majority of the world, according to recent stats from SimilarWeb.
Facebook had no discuss the sales, as it does not talk about individuals' investment choices.