Facebook Bought Whatsapp New Updated 2019
So our asked Equilar, a company that specializes in examining executive compensation and business data, to aid us take a look at all the Securities as well as Exchange Commission filings pertaining to Koum's sales for 2016.
Facebook Bought Whatsapp
It ends up he's sold greater than 22 million shares worth about $2.8 billion because January.
Facebook consented to purchase WhatsApp in February 2014 for over $19 billion in stock, as well as the price had increased to $22 billion by October, when the bargain shut, thanks to Facebook's rising supply rate. Koum owned regarding 45% of the company when he sold it, Forbes estimates, which implies 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 owned over 60 million shares of ordinary shares. He also had an additional 19 million restricted stock devices, which vest with time and also function as a reward for him to linger till November 2018.
Based upon that vesting timetable, it appears like he's earned about 3 numerous those RSUs thus far this year.
So in general, he's offered about one-third of his current risk in Facebook this year.
Koum's supply sales come as WhatsApp remains to grow rapidly and as the business is making changes to the service that might open brand-new moneymaking opportunities, however additionally risks pushing away some customers.
On Thursday, Facebook revealed that WhatsApp was transforming its privacy policy for the first time because the procurement to enable Facebook to see the telephone number that a user shares when they register for WhatsApp. Facebook can utilize this info to permit companies to call users straight with WhatsApp, as they can already do through Carrier, as well as will certainly allow Facebook to reveal even more pertinent ads to logged-in customers. However, WhatsApp claimed it would not share these telephone number straight with customers.
WhatsApp passed greater than than 1 billion month-to-month customers in February and also is one of the most preferred chat application in majority of the globe, according to current statistics from SimilarWeb.
Facebook had no discuss the sales, as it does not talk about peoples' financial investment choices.