Facebook Buys Whatsapp New Updated 2019
So our asked Equilar, a company that specializes in evaluating executive payment as well as corporate information, to assist us analyze all the Stocks and also Exchange Commission filings related to Koum's sales for 2016.
Facebook Buys Whatsapp
It turns out he's offered more than 22 million shares worth roughly $2.8 billion considering that January.
Facebook consented to purchase WhatsApp in February 2014 for over $19 billion in stock, as well as the price had actually risen to $22 billion by October, when the deal closed, thanks to Facebook's rising stock cost. Koum owned regarding 45% of the company when he marketed it, Forbes estimates, which means his take on paper was about $10 billion. He additionally 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 common stock. He likewise had one more 19 million restricted stock devices, which vest in time as well as serve as a motivation for him to remain till November 2018.
Based upon that vesting schedule, it resembles he's made concerning 3 million of those RSUs thus far this year.
So on the whole, he's offered concerning one-third of his existing stake in Facebook this year.
Koum's supply sales come as WhatsApp remains to grow rapidly and as the company is making changes to the service that can open brand-new moneymaking chances, yet likewise runs the risk of alienating some customers.
On Thursday, Facebook revealed that WhatsApp was transforming its privacy plan for the very first time given that the procurement to permit Facebook to see the telephone number that a customer shares when they enroll in WhatsApp. Facebook can utilize this info to allow organisations to call customers directly through WhatsApp, as they can already do through Messenger, and also will enable Facebook to show even more relevant ads to logged-in individuals. Nonetheless, WhatsApp said it would certainly not share these phone numbers straight with individuals.
WhatsApp passed greater than than 1 billion month-to-month individuals in February and also is the most popular conversation app in more than half of the globe, according to recent stats from SimilarWeb.
Facebook had no discuss the sales, as it does not discuss peoples' investment choices.