Did Facebook Buy Whatsapp New Updated 2019
So our asked Equilar, a company that specializes in analyzing executive compensation as well as company information, to assist us analyze all the Stocks and Exchange Commission filings related to Koum's sales for 2016.
Did Facebook Buy Whatsapp
It ends up he's sold more than 22 million shares worth roughly $2.8 billion because January.
Facebook consented to acquire WhatsApp in February 2014 for over $19 billion in supply, and also the rate had gone up to $22 billion by October, when the offer closed, thanks to Facebook's rising supply cost. Koum had concerning 45% of the company when he offered it, Forbes estimates, which indicates 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 filing, Koum had over 60 million shares of common stock. He likewise had one more 19 million restricted supply devices, which vest with time as well as work as a motivation for him to linger until November 2018.
Based upon that vesting timetable, it resembles he's earned regarding 3 numerous those RSUs until now this year.
So on the whole, he's marketed regarding one-third of his existing stake in Facebook this year.
Koum's supply sales come as WhatsApp continues to proliferate and as the business is making changes to the solution that might open up new moneymaking opportunities, yet additionally takes the chance of pushing away some users.
On Thursday, Facebook announced that WhatsApp was altering its personal privacy policy for the first time given that the acquisition to allow Facebook to see the contact number that a user shares when they register for WhatsApp. Facebook can use this info to allow companies to call users directly via WhatsApp, as they can already do through Messenger, and also will certainly permit Facebook to reveal even more appropriate ads to logged-in individuals. Nevertheless, WhatsApp stated it would certainly not share these contact number directly with customers.
WhatsApp passed greater than than 1 billion monthly individuals in February and is the most preferred conversation app in majority of the world, according to current statistics from SimilarWeb.
Facebook had no talk about the sales, as it does not comment on peoples' investment decisions.