Facebook Buys Whatsapp for 19 Billion New Updated 2019
So our asked Equilar, a business that specializes in examining exec settlement as well as corporate data, to help us take a look at all the Securities as well as Exchange Compensation filings related to Koum's sales for 2016.
Facebook Buys Whatsapp For 19 Billion
It ends up he's sold more than 22 million shares worth roughly $2.8 billion given that January.
Facebook accepted purchase WhatsApp in February 2014 for over $19 billion in supply, and the rate had risen to $22 billion by October, when the deal shut, thanks to Facebook's rising stock price. Koum owned regarding 45% of the firm when he offered it, Forbes approximates, which suggests 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 declaring, Koum possessed over 60 million shares of ordinary shares. He additionally had another 19 million limited stock devices, which vest over time and also function as an incentive for him to linger until November 2018.
Based upon that vesting routine, it resembles he's earned regarding 3 million of those RSUs thus far this year.
So on the whole, he's marketed regarding one-third of his present risk in Facebook this year.
Koum's supply sales come as WhatsApp continues to grow rapidly and as the company is making changes to the solution that can open up brand-new moneymaking chances, however additionally takes the chance of estranging some customers.
On Thursday, Facebook revealed that WhatsApp was altering its privacy policy for the first time considering that the procurement to enable Facebook to see the contact number that a user shares when they enroll in WhatsApp. Facebook can utilize this details to permit businesses to get in touch with customers straight via WhatsApp, as they can currently do via Carrier, and also will certainly permit Facebook to show even more pertinent ads to logged-in users. Nonetheless, WhatsApp claimed it would not share these contact number directly with individuals.
WhatsApp passed more than than 1 billion monthly individuals in February and also is one of the most popular conversation application in more than half of the world, according to recent statistics from SimilarWeb.
Facebook had no talk about the sales, as it does not talk about peoples' financial investment choices.