Facebook Whatsapp Deal New Updated 2019
So our asked Equilar, a firm that specializes in examining executive settlement as well as company information, to assist us take a look at all the Stocks as well as Exchange Compensation filings pertaining to Koum's sales for 2016.
Facebook Whatsapp Deal
It turns out he's sold more than 22 million shares worth about $2.8 billion given that January.
Facebook consented to get WhatsApp in February 2014 for over $19 billion in supply, as well as the price had actually increased to $22 billion by October, when the bargain closed, thanks to Facebook's rising stock rate. Koum owned about 45% of the firm when he sold it, Forbes estimates, which suggests 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 yearly proxy filing, Koum owned over 60 million shares of ordinary shares. He additionally had one more 19 million restricted stock units, which vest over time as well as work as a motivation for him to remain till November 2018.
Based on that vesting routine, it appears like he's gained regarding 3 million of those RSUs thus far this year.
So on the whole, he's offered regarding one-third of his existing stake in Facebook this year.
Koum's supply sales come as WhatsApp remains to proliferate and as the firm is making changes to the solution that can open up brand-new moneymaking possibilities, but also risks alienating some users.
On Thursday, Facebook introduced that WhatsApp was changing its privacy policy for the first time considering that the acquisition to permit Facebook to see the telephone number that a customer shares when they sign up for WhatsApp. Facebook can use this info to allow businesses to call individuals directly via WhatsApp, as they can currently do through Messenger, and also will permit Facebook to show more pertinent advertisements to logged-in customers. However, WhatsApp claimed it would certainly not share these contact number straight with customers.
WhatsApp passed more than than 1 billion month-to-month users in February and is the most prominent chat app in over half of the world, according to recent stats from SimilarWeb.
Facebook had no discuss the sales, as it doesn't talk about individuals' investment choices.