Whatsapp Bought by Facebook New Updated 2019
So our asked Equilar, a business that concentrates on analyzing executive compensation and also business data, to help us analyze all the Securities as well as Exchange Payment filings related to Koum's sales for 2016.
Whatsapp Bought By Facebook
It ends up he's marketed greater than 22 million shares worth roughly $2.8 billion because January.
Facebook accepted acquire WhatsApp in February 2014 for over $19 billion in stock, as well as the cost had actually increased to $22 billion by October, when the deal shut, thanks to Facebook's rising supply price. Koum owned regarding 45% of the company when he sold it, Forbes approximates, which means 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 yearly proxy filing, Koum owned over 60 million shares of ordinary shares. He additionally had one more 19 million restricted stock devices, which vest over time and also function as an incentive for him to linger until November 2018.
Based on that vesting routine, it resembles he's earned about 3 million of those RSUs thus far this year.
So in general, he's marketed regarding one-third of his current 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 can open brand-new moneymaking opportunities, however likewise takes the chance of pushing away some customers.
On Thursday, Facebook announced that WhatsApp was transforming its personal privacy plan for the first time since the procurement to allow Facebook to see the contact number that a customer shares when they register for WhatsApp. Facebook can use this information to permit services to call individuals directly through WhatsApp, as they can already do via Messenger, and will allow Facebook to show more pertinent ads to logged-in users. However, WhatsApp stated it would certainly not share these telephone number directly with individuals.
WhatsApp passed greater than than 1 billion month-to-month users in February and also is one of the most prominent chat app in majority of the world, according to current stats from SimilarWeb.
Facebook had no talk about the sales, as it does not discuss individuals' financial investment choices.